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

Fountain Hills, AZ, 85268
$ 689,990
Baths0.0

Monthly Estimate*

$ 4,248

Studio

Multi-Family Home for sale in Fountain Hills, AZ

for $689,990. This home was built in 1980.

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.

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Multi-Family Active

Price

$ 689,990

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,228

Style

Multiple Dwellings

Year Built

1980

Town/City

Fountain Hills

County/Region

Maricopa

MLS | Web ID

7003505

Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air Ceiling Fan(s)
Roof Tile
Zoning R-2
Construction Materials Wood Frame Painted Stucco
Year Built 1980
Electric SRP
Township 3N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 38736.0
Community Features No Pool
County Maricopa
Net Operating Income 0.0
Operating Expense 1228.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name FOUNTAIN HILLS ARIZONA FINAL PLAT NO 206
Garage Y/N Y
Status Active
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
Tax Annual Amount 1228.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Fountain Hills Unified District
Tax Lot 19
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
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Interior
Flooring Laminate
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Add'l Parking Avail Carport
Water Source Private
Total Parking 4.0
Number of Buildings 1
Spa N
Lot Dimensions 11874
Road Surface Type Asphalt
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 12247
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* Excluded Features
List By
Opulent Real Estate Group

Broker

leasing@opulentmail.com

Email

Affordability Calculator

$4,351
Per Month
98%
2%
0%
Monthly Principal & Interest
$4,248
Monthly Property Taxes
$102
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4334483 Elementary School
4334484 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/25/2026$689,990 Listed Price

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12247 N FOUNTAIN HILLS Boulevard, Fountain Hills, AZ, 85268 is a Multi-Family Home for sale at $689,990. 12247 N FOUNTAIN HILLS Boulevard is a studio with 0.0 baths and was built in 1980. The property's zip code is 85268 which is in Fountain Hills, AZ