





Description
Saguaro Hills is a rare and unique 4-unit property located in the heart
of Fountain Hills. All four units are roughly 1,776 SF in size, featuring
3 bedrooms, 2 1/2 bathrooms, 2 fireplaces (one of which is in the
master bedroom), a private balcony, private patio, 2-car garage, and
individual laundry hookups. The units are individually metered for
electricity and water and are paid for by the tenants. The landlord
is responsible for sewer, trash, and landscaping. The property is
very well-maintained and three of the units have been upgraded. An
investor could add value through interior renovations / updates of the
fourth unit, as well as raising rents. Constructed in 1985, with high quality finishes at the time, these units
feel more like four individual houses or townhomes than a fourplex. Saguaro Hills is located near downtown Fountain Hills,
enjoys beautiful mountain views, and is in close proximity to Fountain Park & Desert Canyon Golf Course. Given its location, and the fact that many out-of-state visitors flock to Fountain Hills, an owner could potentially operate some or all of the units as vacation rentals or live in one of the units and manage the property themselves from on-site. In addition, the property is located on the side of a city-owned wash, providing residents with even more privacy. The property has many excellent attributes, and with very few existing 4-unit properties in the Fountain Hills submarket, Saguaro Hills is a very attractive and rare opportunity for an investor.

The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the Realty Executives Phoenix & Yuma. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 9th June, 2023 10:49 AM (UTC)
Listing Office: ABI Multifamily