12247 N FOUNTAIN HILLS Boulevard, Fountain Hills, AZ 85268
$689,990
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$689,990
Last Modified:
3/25/2026
Overview
Description
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.
Listing Details MLS# 7003505
Location, Tax & Legal
- House Number
- 12247
- Compass
- N
- Street Name
- FOUNTAIN HILLS
- St Suffix
- Boulevard
- City/Town Code
- Fountain Hills
- State/Province
- AZ
- Zip Code
- 85268
- Zip4
- 4715
- County Code
- Maricopa
- Subdivision
- FOUNTAIN HILLS ARIZONA FINAL PLAT NO 206
- Assessor Number
- 176-05-263
- Tax Year
- 2025
- Assessor's Map #
- 5
- Legal Description (Abbrev)
- LOT 19 FOUNTAIN HILLS ARIZONA FINAL PLAT NO 206 MCR 014702
- Assessor's Parcel #
- 263
- Add'l Parcels
- No
- Tax Municipality
- Fountain Hills
- Census Tract
- 216818
- Taxes
- 1228
- Legal
- LOT 19 FOUNTAIN HILLS ARIZONA FINAL PLAT NO 206 MCR 014702
- Marketing Name
- Fountain Hills
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 11874
- Year Built
- 1980
- Uncvrd Parking Spcs
- 2
- Total # of Units
- 2
- # of Buildings
- Yes
- Zoning
- R-2
- Elementary School District
- Fountain Hills Unified District
- High School District
- Fountain Hills Unified District
Remarks Misc
- Cross Street
- Fountain Hills Blvd & Arroyo Vista/Segundo
Legal Info
- Township
- 3N
- Range
- 6E
- Section
- 15
- Lot Number
- 19
Income Expenses
- Gross Annual Sch Inc
- 38736
More Information
Showing Notification Methods
- Showing Service
- Aligned Showings
1 Bedroom Units
- # 1 Bedroom Units
- Yes
- Avg Rent
- 1378
- Avg SqFt
- 900
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- Yes
- Avg Rent
- 1850
- Avg SqFt
- 1425
- # Baths
- 2
Project Type
- Duplex
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Tile
- Yes
Floors
- Laminate
- Yes
Sale Includes
- Land & Building
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 1228
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 38736
Pmt & Rate Info
- Equity
- 689990
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Fenced
- Yes
Interior Features
- Vertical Blinds
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Water
- Yes
- Sewer
- Yes
- Electricity
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Free-Standing Electric Oven
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- Private
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Garage
- Yes
- Carport
- Yes
- Add'l Parking Avail
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- None
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
- 1031 Exchange
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Duplex
Construction:
Wood Frame
Const - Finish:
Painted; Stucco
Roofing:
Tile
Floors:
Laminate
Sale Includes:
Land & Building; Laundry Equipment
Community Features:
No Pool
Exterior Amenities:
Desert Landscaping; Fenced
Interior Features:
Vertical Blinds; Mini Blinds
Appliances Included:
Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling:
Ceiling Fan(s); Central Air
Water Source:
Private
Sewer:
Sewer - Public
Electric:
SRP
Gas:
None
Parking Features:
Garage; Carport; Add'l Parking Avail
Road Surface Type:
Asphalt
Owner Pays:
None
Tenant Pays:
Water; Sewer; Electricity; Trash Collection; Landscaping
Source of Fincl Data:
Owner
Lockbox Type:
None
New Financing:
Cash; FHA; Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Opulent Real Estate Group
Last Updated: March - 25 - 2026
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