12247 N FOUNTAIN HILLS Boulevard, Fountain Hills, AZ 85268
12247 N FOUNTAIN HILLS Boulevard, Fountain Hills, AZ 85268
12247 N FOUNTAIN HILLS Boulevard, Fountain Hills, AZ 85268
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$689,990
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12247 N FOUNTAIN HILLS Boulevard Fountain Hills, AZ 85268

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Additional details

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Fountain Hills Arizona Final Plat No 206

MLS Listing ID 7003505

Year Built 1980

Annual Tax Amount $1,228

Tax Year 2025

Lot Dimensions 11874

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Community Fountain Hills Arizona Final Plat No 206

Area Maricopa

Zoning R-2

Interior

Heating Electric

Cooling Central Air, Ceiling Fan(s)

Flooring Laminate

Appliance Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer

Exterior

Parking Features Add'l Parking Avail, Carport

Community Features No Pool

Roof Type Tile

Garage Yes

Private Pool No

Building

Sewer Public Sewer

Water Private

New Construction No

Schools

School District Fountain Hills Unified District

Others

Senior Community No

Tax ID 176-05-263

Acceptable Financing Conventional, 1031 Exchange, FHA

Disclosures Seller Prop Disc Stm

Listing Terms Conventional, 1031 Exchange, FHA


Arizona Regional MLS (ARMLS)
Listed by Opulent Real Estate Group • Ryan Christensen
Bud Gragg
Bud Gragg

Broker Associate | License ID: BR112406000

+1(480) 497-5600 | budgragg@gmail.com

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12247 N FOUNTAIN HILLS Boulevard