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12247 N FOUNTAIN HILLS Boulevard, Fountain Hills, AZ, 85268

3beds
3baths
2,325sqft
$689,990
$297price/sqft
$4,851/moest. monthly cost
$194,040/yrincome needed

About This Home

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.

Getting Around

17
WalkingCar-Dependent
0
TransitVery Limited Transit
8
BikeSomewhat Bikeable

Schools

6/10
5/10

Construction

Condition

  • Year built: 1980

Materials

  • Roof: Tile
  • Construction materials: Wood Frame,Painted,Stucco

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Disposal,Dishwasher,Refrigerator,Free-Standing Electric Oven,Microwave,Washer/Dryer

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3

Features

  • Flooring: Laminate

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 2,325
  • Total interior livable area: 2,325 sqft

Property

Details

  • Parcel number: 17605263
  • Zoning: R-2

Lot

  • Lot size: 0.27 Acres
  • Lot size dimensions: 11874

Parking

  • Total spaces: 4
  • Parking features: Add'l Parking Avail,Carport
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2
  • Carport: Yes