12247 N FOUNTAIN HILLS Boulevard, Fountain Hills, AZ 85268
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Listing Type
Multi Family
Listing Status
Active
25
$689,990
Home Details for 12247 N FOUNTAIN HILLS Boulevard
Price
$689,990
Type
Residential Income
Year built
1980
County
Maricopa
Listing #
7003505
Listing Courtesy: Opulent Real Estate Group - 480-588-8356
Property Description
Hard-to-find duplex in Fountain Hills--ideal for investors seeking stable income with upside potential. Currently generating consistent rental income with an estimated cap rate of approximately 5.6% at a $689,000 sale price. The property offers a total of 2,325 SF on a spacious 0.27-acre lot. Unit A features a 2 bed / 2 bath layout (approx. 1,425 SF) currently rented at $1,850/month. Unit B is a 1 bed / 1 bath (approx. 900 SF) rented at $1,378/month.
Value-add opportunity with room for future improvements. Additional highlights include separate metering for all utilities (including water), low maintenance expenses, and tenants responsible for all utilities
Attractive curb appeal with newer fenced yards, covered patios, in-unit laundry, dishwashers, and ample storage.