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.
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Listing Office: ABI Multifamily