14422 Sherwood Dr, Fountain Hills, AZ 85268
- Residential income homes
- 1,300 SF
- 0.23 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 14422 Sherwood Dr
- Year built
- 2002
- Lot size
- 0.23 lot acres
- Property type
- Residential income homes
- APN
- 176-02-084
Description
This exceptional investment opportunity presents a fully rented, two-unit duplex located in the desirable Fountain Hills, Arizona. Boasting a 6.34% cap rate and a total asking price of $749,900, this property offers significant potential for strong returns. Each unit, built in 2002, functions as a single-family home, featuring three bedrooms, two bathrooms, and a two-car garage with direct access. The units are conveniently situated on a 0.23-acre lot, offering ground-level living with no steps and impressive 12"+ ceilings. Recent updates include fresh paint, new flooring, and a new roof, ensuring the property is in excellent condition. The property is zoned R2 and sits in a prime location, within walking distance of Fountain Hills' iconic fountain, park, shopping, and dining on the Avenue. The 1,300 square foot property is currently 100% occupied, providing immediate cash flow. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving Arizona community. The property's location and features make it an ideal investment for both seasoned and new investors seeking a stable and profitable addition to their portfolio. The Maricopa County location, with APN 176-02-084, further solidifies its value and desirability. The price per unit is $374,950, and the price per square foot is $576.85. This is a fee simple ownership.
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Location Insight
- Map
- Local Demand
- City
- Fountain Hills
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.72083596198
- Latitude
- 33.617240854009
