$675,000
Fountain Hills, AZ 85268
MLS# 6878494
Status: Pending
1 / 2
Property Description
Great opportunity for an investor to purchase this duplex. Both sides are rented and the tenants would like to continue renting there. Unit 1 features an open floorplan with tile flooring in traffic areas, carpet in the 3 bedrooms. Huge laundry room, 1 car garage, lg covered patio, fenced in backyard. 1406sq. ft. Unit 2 features 2 bedrooms & 2 bath. Open living room, kitchen and dining room, corian counters, tile flooring throughout, lg master suite, walk-in shower w/ granite counters, lg laundry room, covered patio, partially fenced in backyard. No HOA. Both units being sold together. They each have their own assessor number. Exterior was recently painted. Buyer to pay the one time buyer admin/transfer fee of $775.00 at COE.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $675,000
List Price: $675,000
Status: Pending
List Date: 2025-06-09
Location, Tax & Legal
Unit #: 1&2
Assessor's Map #: 24
Assessor's Parcel #: 567
Add'l Parcels: No
Tax Municipality: Fountain Hills
Taxes: 926
Legal: Happinest Condominiums Unit 1 & 2
Marketing Name: 829 taxes 2024v for #2
House Number: 12029
Compass: N
Street Name: Fountain Hills
St Suffix: Boulevard
City/Town Code: Fountain Hills
State/Province: AZ
Zip Code: 85268
County Code: Maricopa
Subdivision: Happinest bCondominiums 1 & 2
Assessor Number: 176-24-567
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 10,768 sq.ft
Total # of Units: 2
Elementary School District: Fountain Hills Unified District
High School District: Fountain Hills Unified District
Elementary School: McDowell Mountain Elementary School
Jr. High School: Fountain Hills Middle School
High School: Fountain Hills High School
Year Built: 1997
Zoning: R-2
Legal Info
Range: 6E
Section: 15
Township: 3N
Lot Number: 1 & 2
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 926
Other Income: 22740
Vacancy Allowance: 0
Adjusted Gross Inc: 41040
Pmt & Rate Info
Cap Rate: 5.16
Equity: 725000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Heat Pump: 1
Exterior Amenities
Partially Fenced: 1
Interior Features
Unfurnished: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Private: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Garage: 1
Garage Door Opener: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
None: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Conventional: 1
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-837-2500
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1525
Avg SqFt: 1216
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 3
Avg Rent: 1895
Avg SqFt: 1406
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Fountain Hills Blvd
Geo Lat: 33.597074
Geo Lon: -111.726999
Status Change Info
Off Market Date: 2025-12-31
Under Contract Date: 2025-12-30
Income Expenses
Gross Annual Sch Inc: 18300
Net Operating Income: 37424
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Ceramic Tile; Carpet
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Partially Fenced
Interior Features: Unfurnished
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave
Cooling: Heat Pump
Water Source: Private
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP
Gas: None
Parking Features: Garage; Garage Door Opener
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Conventional; Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Listing Office: MCO Realty
Last Updated: December - 31 - 2025
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