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12005 N Panorama Drive, Fountain Hills
$4,395,000
20 Beds ⋅ 12 Baths ⋅ 7091053 MLS
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.

12005 N Panorama Drive, Fountain Hills
14422 N Sherwood Drive, Fountain Hills
$790,000
6 Beds ⋅ 4 Baths ⋅ 7082277 MLS
RARE DUPLEX INVESTMENT OPPORTUNITY in Fountain Hills. This duplex sits in one of the Valley's most sought after communities, offering two single family style units, each with 3 bedrooms, 2 bathrooms and a private 2 car garaage with direct entry. No shared walls to climb over, no stairs to navigate. A private patio connects the two units. The property is set against mature, established landscaping, while soaring 12' plus ceilings and single level living make both units feel spacious. This is a chance to own a property in a town know for its walkability. Just steps from the iconic Fountain Hills fountain, the Avenue's shops and restaurants, and the community park. A smart addition to any investment portfolio.

14422 N Sherwood Drive, Fountain Hills

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