$675,000
UNDER CONTRACT $50K PRICE DROP

12029 N Fountain Hills Blvd Unit 1&2 Fountain Hills, AZ 85268

Estimated payment $3,641/month

Total Views 2,648
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Fountain Hills Middle School Rated A-

About This Home

Great opportunity for an investor to purchase this duplex. Both sides are rented and the tenants would like to continue renting there. Unit 1 features an open floorplan with tile flooring in traffic areas, carpet in the 3 bedrooms. Huge laundry room, 1 car garage, lg covered patio, fenced in backyard. 1406sq. ft.
Unit 2 features 2 bedrooms & 2 bath. Open living room, kitchen and dining room, corian counters, tile flooring throughout, lg master suite, walk-in shower w/ granite counters, lg laundry room, covered patio, partially fenced in backyard. No HOA. Both units being sold together.
They each have their own assessor number. Exterior was recently painted. Buyer to pay the one time buyer admin/transfer fee of $775.00 at COE.

Listing Agent

Susan Dawson

MCO Realty License #SA035163000 Listed on: 06/09/2025

Co-Listing Agent

Michael Gant

MCO Realty License #BR631642000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $926

Year Built

  • Built in 1997

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Automatic Garage Door Opener

Schools

  • Mcdowell Mountain Elementary School
  • Fountain Hills Middle School
  • Fountain Hills High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Private Water Source

Listing and Financial Details

  • Tax Lot 1 & 2
  • Assessor Parcel Number 176-24-567

Community Details

Overview

  • 2 Units
  • Building Dimensions are 10,768 sq.ft
  • Happinest Bcondominiums 1 & 2 Subdivision

Building Details

  • Operating Expense $926
  • Gross Income $41,040
  • Net Operating Income $37,424

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$926

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Cross Street: Fountain Hills Blvd
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1997
  • Tax Year: 2024
  • Co List Office Mls Id: mcoa01
  • Co List Office Phone: 480-837-2500
  • Subdivision Name: Happinest bCondominiums 1 & 2
  • Garage Yn: Yes
  • Construction:Wood Frame: Yes
  • Water Source Private14: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Built-Up

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Garage: Yes
  • Parking Features Auto Door Opener: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes

Schools

  • Elementary School: McDowell Mountain Elementary School
  • High School: Fountain Hills High School
  • Junior High Dist: Fountain Hills Unified District
  • Middle Or Junior School: Fountain Hills Middle School

Lot Info

  • Lot Size: 10,768 sq.ft
  • Additional Parcels: No
  • Parcel #: 176-24-567

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 41040.0
  • Property Net Operating Income: 37424.0
  • Annual Operating Expense: 926.0

Tax Info

  • Tax Annual Amount: 926.0
  • Tax Book Number: 176.00
  • Tax Lot: 1 & 2

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $892 $15,469 -- --
2024 $856 $14,732 -- --
2023 $856 $24,630 $4,920 $19,710
2022 $838 $20,800 $4,160 $16,640
2021 $911 $19,470 $3,890 $15,580
2020 $893 $17,420 $3,480 $13,940
2019 $909 $17,320 $3,460 $13,860
2018 $906 $15,060 $3,010 $12,050
2017 $872 $10,470 $2,090 $8,380
2016 $805 $10,450 $2,090 $8,360
2015 $889 $10,580 $2,110 $8,470
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2025 11/11/25 Price Changed $675,000 -3.4% --
09/17/2025 09/17/25 Price Changed $699,000 -2.1% --
08/15/2025 08/15/25 Price Changed $714,000 -1.5% --
06/09/2025 06/09/25 For Sale $725,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Special Warranty Deed $81,000 Servicelink
Trustee Deed $89,100 Accommodation
Interfamily Deed Transfer -- None Available
Warranty Deed $237,500 First American Title Ins Co
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- --
Warranty Deed $133,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $166,250 Purchase Money Mortgage
Previous Owner $212,100 New Conventional
Previous Owner $124,000 New Conventional
Previous Owner $133,000 Purchase Money Mortgage
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6878494

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-24-567