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Street View
$4,395,000
Monthly Est:$21,876
20 Beds
12 Baths
--sqft
12005 N Panorama Dr, Fountain Hills, AZ 85268
$4,395,000
$21,876/moEst:
Get Pre-Approved
Townhouse
Built in 1988
$-- HOA
-- sqft lot
--/sqft
Description
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.
- Houzeo last checked: 6 minutes ago
- Listing updated: October 10, 2026 at 12:30 am
- Listing Provided by: Jonathan Lee Green (602) 315-7610 | Endless Ventures (602) 315-7610
- Source: Arizona Regional Multiple Listing Service-AZ | MLS#: 7091053
Property Details
Status
Active
Type
Townhouse
No. of Stories
-
County
City
Neighborhood
--
Year Built
1988
HOA Fees
-
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Arizona Regional Multiple Listing Service
MLS Number
7091053
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 20
Bathrooms: 12
Interior
Sewer
Public Sewer
Cooling
Evaporative Cooling, Electric, Ceiling Fan(s)
Heating
Electric, Solar
Appliances
Refrigerator, Dishwasher, Microwave, Washer/dryer, Built In Electric Oven, Free Standing Electric Oven
Construction
Year Built
Year Built: 1988
Home type
Townhouse
Roof
Foam
Construction Materials
Block, Stucco
Utilities & Energy
Water Source
Master Meter, City Franchise
Security Features
Fire Sprinklers
Electric
Individual Meter
Parking Features
Free, Other, Paved, >1 Space Per Unit, Off Street
Other Features
Tenant Pays
Water, Electricity, Cable Tv
Subdivision Name
Fountain Hills Az 302a
Disclosures
Other (see Remarks)
Community Features
No Pool, Manager Res/office, See Remarks
Price History
| Date | Event | Price |
|---|---|---|
10/08/2026 Source: | Listed for Sale | $4,395,000 $0/sqft |
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Based on information from the Arizona Regional Multiple Listing Service through Oct 10, 2026, 03:45PM. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Listing Information presented by local MLS brokerage: Sell Your Home Services, local REALTOR®- Dan Demers (774) 265-0879. Information is provided exclusively for personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Advertising Broker: Daniel Demers (267) 341-8337 | Sell Your Home Services