13616 N Hamilton Dr Fountain Hills Arizona 85268

Investment Summary

Fabulous 5 units Turn-Key Investment property located at 13616 N Hamilton Dr in Fountain Hills! Sold as package deal consisting of units 101, 102, 103, 104, & 105. These town house style condos are nestled on a quiet interior street less than 1/2 mile from fountain Park and shops and restaurants! 2 end units are 2 bed, +den and 2.5 bath, middle units are 3 bed, 2.5 bath. Each unit has 1 car garage, large kitchen with stainless Steel appliances, upgraded 42” maple cabinets, granite counters in kitchen and baths, breakfast bar, dinning/great room, laundry room, private patio and upstairs master bedroom has balcony with mountain views, master bathroom has dual sinks and separate tub and shower. All HOA documents complete but HOA is not funded or active. No HOA fees.

Offering

Price: $1,200,000
Cap Rate: 4.61%
No. Unit: 5

Building Size: 8,921 SF
Year Built: 1987
APN: 176-07-815, 176-07-816, 176-07-817, 176-07-818, 176-07-819

Financial Summary

Gross Rental Income	$86,720
Effective Gross Income	$85,852
Total Expenses	$30,503
Net Operating Income	$55,349

Unit Mix

Description	No. Units	Avg. Rent	SQ. FT.
2 Bed 3 Bath	2	$1,435	1,768
3 Bed 3 Bath	3	$1,435	1,795