12029 N Fountain Hills Boulevard # 1&2 Fountain Hills, AZ ^$ 675,000

12029 N Fountain Hills Boulevard # 1&2

^$ 675,000

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12029 N Fountain Hills Boulevard # 1&2

Fountain Hills, AZ, 85268

^$ 675,000

Studio Baths0.0

Monthly Estimate*

^$ 4,211

12029 N Fountain Hills Boulevard # 1&2, Fountain Hills, AZ 85268 - Image 1

12029 N Fountain Hills Boulevard # 1&2, Fountain Hills, AZ 85268 - Image 2

Studio

Multi-Family Home for sale in Fountain Hills, AZ

for $675,000. This home was built in 1997.

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.

Multi-Family Contingent

Price

^$ 675,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 926

Style

Multiple Dwellings

Year Built

1997

Town/City

Fountain Hills

County/Region

Maricopa

MLS | Web ID

6878494

Features

General

Sewer Sewer-In & Connected Public Sewer

Heating Electric

Cooling Heat Pump

Roof Built-Up

Zoning R-2

Construction Materials Wood Frame Painted Stucco

Year Built 1997

Electric SRP

Township 3N

Unit Number 1&2

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 41040.0

Community Features No Pool

County Maricopa

Net Operating Income 37424.0

Operating Expense 926.0

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name Happinest bCondominiums 1 & 2

Garage Y/N Y

Status UCB (Under Contract-Backups)

High School Fountain Hills High School

City Fountain Hills

Disclosures Seller Prop Disc Stm

High School District Fountain Hills Unified District

Open Parking Spaces 2.0

Number Of Units Total 2

Carport Y/N N

Elementary School McDowell Mountain Elementary School

Tax Annual Amount 926.0

Middle/Junior High School Fountain Hills Middle School

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active Under Contract

Occupancy Type Tenant

Elementary School District Fountain Hills Unified District

Tax Lot 1 & 2

Cap Rate 5.16

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Carpet Ceramic Tile

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Garage Door Opener

Water Source Private

Total Parking 4.0

Number of Buildings 1

Spa N

Lot Dimensions 10 768 sq.ft

Covered Spaces 2.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 12029

* Excluded Features

List By

Mco Realty

Broker

bsusand@gmail.com

Affordability Calculator

$4,288

Per Month

Monthly Principal & Interest: $4,211
Monthly Property Taxes: $77
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Fountain Hills, AZ

Average List Price ^$1,378,983

Percent of Sale Price 104%

About Fountain Hills, AZ

24,721 Population

23% Since 2002

^$77,628 Median Income

57.22 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4328211 Elementary School

4327096 Middle School

Fountain Hills High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/11/2025	$675,000	-3.43%	Price Down
9/17/2025	$699,000	-2.10%	Price Down
8/15/2025	$714,000	-1.52%	Price Down
6/11/2025	$725,000		Listed Price

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12029 N Fountain Hills Boulevard # 1&2, Fountain Hills, AZ, 85268 is a Multi-Family Home for sale at $675,000. 12029 N Fountain Hills Boulevard # 1&2 is a studio with 0.0 baths and was built in 1997. The property's zip code is 85268 which is in Fountain Hills, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/15/2025.

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12029 N Fountain Hills Boulevard # 1&2

Multi-Family Home for sale in Fountain Hills, AZ

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