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 (laundry in
two of the units are seller-owned and convey with the property). 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 but an investor could add value through interior
renovations/updates, as well as rent increases. In addition, an owner could
implement a utility reimbursement system to potentially cover all utility
expenses. Constructed in 1985, with high quality finishes at the time, these units feel more like four individual houses or townhomes than a typical fourplex. Saguaro Hills is located right 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.