$98,000
Surprise, AZ 85378
MLS# 7104161
1 baths | 405 sqft
1 / 16
Property Description
Turnkey 6.5% Cap Rate Studio in The Springs Resort! Immediate cash flow for savvy investors! Top-floor end-unit studio in The Springs condo resort community, fully tenant-occupied at $850/month (6.5% return). Features a functional open living/dining layout, kitchen with fridge, private balcony, full bathroom, and extra storage. Great long-term tenant in place with excellent short-term rental potential for added upside!
Details
Maps
Contract Information
List Price: $98,000
Status: Active
Current Price: $98,000
List Date: 2026-11-07
Type: Exclusive Right To Sell
Ownership: Condominium
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 12221
Compass: W
Street Name: BELL
St Suffix: Road
City/Town Code: Surprise
State/Province: AZ
Zip Code: 85378
Zip4: 3564
Country: US
County Code: Maricopa
Assessor Number: 501-24-367
Subdivision: SPRINGS CONDOMINIUM
Tax Year: 2025
General Property Description
Dwelling Type: Apartment
Dwelling Styles: Stacked
Exterior Stories: 3
# of Interior Levels: 1
Full Bathrooms: 1
Total Bathrooms: 1
Approx SQFT: 405
Price/SqFt: 241.98
Horses: N
Builder Name: unknown
Year Built: 1987
Approx Lot SqFt: 461
Approx Lot Acres: 0.011
Flood Zone: No
Community Pool Y/N: Yes
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Dysart Unified District
High School District: Dysart Unified District
Elementary School: Thompson Ranch Elementary
Jr. High School: Thompson Ranch Elementary
High School: Valley Vista High School
Remarks Misc
Cross Street: BELL ROAD & EL MIRAGE ROAD
Directions: From Bell Rd, turn South on El Mirage Rd. Turn east at 2nd entrance into The Springs.
Geo Lat: 33.637407
Geo Lon: -112.323991
Legal Info
Township: 3N
Range: 1W
Section: 1
Lot Number: 360
Basement
Basement Y/N: N
Parking Spaces
Slab Parking Spaces: 1
Showing Notification Methods
Showing Service: Aligned Showings
Contact Info
List Agent Home Phn: 602-413-9939
Property Features
Special Listing Cond: N/A
Building Style: 2-3-4 Plex; High Rise
Master Bathroom: None
Flooring: Tile
Community Pool Features: Play Pool
Spa: None
Dining Area: Dining in LR/GR
Kitchen Features: Electric Cooktop; Refrigerator; Laminate Counters
Laundry: Stacked Washer/Dryer; Inside
Other Rooms: Great Room
Technology: Cable TV Avail; High Speed Internet
Exterior Features: Balcony
Parking Features: Common
Road Surface Type: Asphalt
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam; Rolled
Cooling: Heat Pump
Heating: Heat Pump; Electric
Plumbing: Electric Hot Wtr Htr
Utilities: APS
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: None
Property Description: Borders Common Area
Landscaping: Grass Front
Showing Notification Methods: Phone Call
Lockbox Type: None
Possession: By Agreement; Close of Escrow; Subject To Tenant Rights
Unit Style: Neighbor Below; End Unit; Courtyard Facing
Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Water; Garbage Collection; Pest Control; Front Yard Maint; Common Area Maint; Street Maint
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: Realty ONE Group
Office Phone: 623-236-1414
Office Email: [email protected]
Last Updated: November - 08 - 2026
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Broker Attribution:
602-413-9939