For Sale Multi-Family MLS# 7091053

12005 N PANORAMA Drive

Fountain Hills, AZ 85268

$4,395,000

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Listing Office

Officearizona-regional-mls-rsd logoEndless Ventures
AgentJonathan Lee Green
Phone602-315-7610

About 12005 N PANORAMA Drive

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.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1988
Original price
$4,395,000
MLS #
7091053

Interior

Features
Ceiling Fan(s), Evaporative Cooling, Electric, Solar, Electric, Vinyl, Concrete
Flooring
Vinyl, Concrete
Heating
Solar, Electric
Cooling
Ceiling Fan(s), Evaporative Cooling, Electric

Exterior & lot

Features
Off Street, Other, Paved, Free, >1 Space Per Unit, Parking spaces: 28
Construction
Stucco, Block, Foam
Roof
Foam
Lot
C-3, 17608601A
Parking
Off Street, Other, Paved, Free, >1 Space Per Unit

Schools

District
Fountain Hills Unified District
Elementary
McDowell Mountain Elementary School
Middle
Fountain Hills Middle School
High
Fountain Hills High School

Utilities

Utilities
Public Sewer, Master Meter, City Franchise
Water
Master Meter, City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$4,761
Tax year
2025
Parcel
17608601A

Location

Subdivision
FOUNTAIN HILLS AZ 302A
County
Maricopa
Community
Maricopa, Concrete, Gravel, Arizona Regional Multiple Listing Service 2, Fountain Hills Unified District
Directions
At Saguaro Blvd and Panorama Drive head east on Panorama Drive to property.

Location

Neighborhood
FOUNTAIN HILLS AZ 302A
School district
Fountain Hills Unified District

Interested in this home?

Questions on 12005 N PANORAMA Drive, Fountain Hills, AZ 85268, or want to see it in person?

The Anderson Team · (480) 900-9140

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