11244 N Saguaro Boulevard, Fountain Hills, AZ 85268
- $1,406,000
- Sold Price
- $1,406,000
- List Price
- $1,499,000
- Closing Date
- Nov 01, 2023
- Days on Market
- 86
- Status
- CLOSED
- MLS#
- 6554384
- City
- Fountain Hills
- Subdivision
- Fountain Hills Arizona No. 201
- Year Built
- 1985
Property Description
Saguaro Hills is a rare and unique 4-unit property located in the heart of Fountain Hills. All four units are roughly 1,776 SF in size, featuring 3 bedrooms, 2 and a half bathrooms, 2 fireplaces (one of which is in the master bedroom), a private balcony, private patio, 2-car garage, and individual laundry hookups. Along with the trash, the units are individually metered for electricity and water and paid for by the tenant while the landlord is responsible for sewer and landscaping.The property is well-maintained and three of the units have been upgraded. Units 101 and 104 have been more extensively renovated than unit 102, and unit 103 has some new flooring, and in good overall condition. An investor could add value through interior renovations / updates to units 102 and 103, as well as raising rents on all units. Constructed in 1985, with high quality finishes at the time, these units feel more like four individual houses or townhomes than a typical fourplex. Saguaro Hills is located near downtown Fountain Hills, enjoys beautiful mountain views, and is in close proximity to Fountain Park & Desert Canyon Golf Course. Given its location, and the fact that many out-of-state visitors flock to Fountain Hills, an owner could potentially operate some or all of the units as vacation rentals or live in one of the units and manage the property themselves from on-site. In addition, the property is located on the side of a city-owned wash, providing residents with even more privacy. The property has many excellent attributes, and with very few existing 4-unit properties in the Fountain Hills submarket, Saguaro Hills is a very attractive and rare opportunity for an investor.
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Additional Information
- Community Features
- No Pool
- Construction
- Wood Frame, Other, Painted, Stucco
- Cooling
- Other, Electric, Varies by Unit
- Electric
- Individual Meter, SRP
- Flooring
- Other
- Heating
- Electric, Varies by Unit, Other
- New Financing
- Other (See Remarks)
- Parking Features
- Other
- Roofing
- Tile, Other
- Sewer
- Other
- Subdivision
- Fountain Hills Arizona No. 201
- Taxes
- $3,303
- Tax Year
- 2022
- Tenant Pays
- Water, Electricity, Trash Collection, See Remarks
- Units
- 4
- Water
- City Franchise, Individual Meter, Other
- Zoning
- R3
Courtesy of ABI Multifamily. 602-714-1400 Selling Office: ATLAS AZ, LLC.
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