Two-Bedroom End-Unit
For Sale
$290,000
16805 E El Lago Boulevard 103, Fountain Hills, AZ 85268
The residence includes a private patio, laminate flooring, and stainless steel kitchen appliances.
Property Size899 SF
Price / SF$322.58
Days on Market97
Property Features for 16805 E El Lago Boulevard 103
General Information
Standard status
Active
Size
899 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$529
Amenities
private patio
Building Details
Building Size
899 SF
Year Built
1985
Listing Agency:
Keller Williams Realty Sonoran Living
Listed By:
BVO Luxury Group · License #01428775
(833) 286-7653
Source:
Bvoluxury
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 26 at 2:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Sonoran Living
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Investment Insights
Based on property information with market context.
This two-bedroom, end-unit condominium was built in 1985 and has a private patio. Interior features include laminate flooring, stainless steel kitchen appliances, updated bathrooms, and newer HVAC. The roof is new.
Local shops, fountains, parks, and the Dark Sky Discovery Center are within walking distance, along with a well-known fountain in Fountain Hills.
Local shops, fountains, parks, and the Dark Sky Discovery Center are within walking distance, along with a well-known fountain in Fountain Hills.
Key Highlights
- Two‑bedroom end‑unit condominium
- Private patio
- Laminate flooring and stainless steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,146
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,920
$202.9K
Cap Rate 7%
$144,943
$144.9K
Cap Rate 9%
$112,733
$112.7K
Market Conditions
NOI Build-Up for 899 SF
Gross rent
$19.4K $21.60/SF
− Vacancy
−$971 −$1.08/SF
EGI
$18.4K $20.52/SF
− OpEx
−$8.3K −$9.23/SF
NOI
$10.1K $11.29/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,920
Cap Rate 7%
$144,943
Cap Rate 9%
$112,733
Alternative Uses
Best Use
Apartment 5plus
$144.9K
$126.8K – $169.1K
NOI $10,146 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.1K
$243.3K – $324.4K
NOI $19,466 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,320
Businesses Nearby
Explore this area
Business Placement
Demographics for 85268, AZ
24,031
Population
13,429
Households
1.8
Avg Household Size
61
Median Age
50%
College-Educated
97%
High-School Grad
20.5 sq mi
ZIP Area
1,172
Density / Sq Mi
$105,288
Median Household Income
$55,054
Median Earnings
$1,781
Median Rent
$576,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a private patio, laminate flooring, and stainless steel kitchen appliances.
Where is this residential income property located?
The property is located at 16805 E El Lago Boulevard 103 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑bedroom end‑unit condominium; Private patio; Laminate flooring and stainless steel kitchen appliances
