$ 4,395,000
-
$4,395,000
Price -
32
Bed -
14
Bath
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About the Listing enve001 - jg561
Boardwalk Apartments at Fountain Park: 12-unit boutique courtyard community, a 1988 masonry office building taken to shell and converted to residential in 2025. 100% occupied, no concessions. $1,981 avg rent ($2.49/SF), a 55% premium to the Fountain Hills comp set. 5.12% cap on $224,979 owner-operated NOI. $366,250/unit, in line with the $366K median of 10 Phoenix-metro small MF sales since 1/2025. 20.7% expense ratio, owned solar array, poured concrete parking, all-new systems, in-unit W/D. No multifamily pipeline in supply-constrained Fountain Hills. OM available. Property owners are licensed real estate professionals in the State of Arizona. Connect with broker for an exterior property tour. Do not disturb tenants.
Listing Highlights for 12005 N Panorama Dr
Interior Details
- Bedrooms: 32
- Bathrooms: 14 Full
- Appliances:
- Air Cond: Ceiling Fan(s),Evaporative Cooling,Electric
- Heating: Solar,Electric
- Fireplaces:
- Floor: Vinyl,Concrete
- Basement:
- Other:
- Water: Master Meter,City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof: Foam
- Others:
- Sewer: Public Sewer
- Parking Features: Off Street,Paved,Free,>1 Space Per Unit
Financial Details
- Tax Amount: $4,761
- Taxes w/Assessments: N/A
- Tax/Property ID: 176-08-601-A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Listing Location
Questions About..
12005 N Panorama Dr Fountain Hills, AZ 85268
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