18202 Cave Creek Road #17units, Phoenix, AZ 85032
18202 Cave Creek Road #17units, Phoenix, AZ 85032
18202 Cave Creek Road #17units, Phoenix, AZ 85032
18202 Cave Creek Road #17units, Phoenix, AZ 85032
18202 Cave Creek Road #17units, Phoenix, AZ 85032
18202 Cave Creek Road #17units, Phoenix, AZ 85032
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C$ 2,380,000
Est. payment | /mo

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C$ 2,380,000
Est. payment | /mo
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6770068

Subdivision Mountain Springs Terrace Condominium

Maintenance Fees C$6,000

Originating MLS Arizona Regional Multiple Listing Service (ARMLS)

Property Description

This property presents a compelling investment opportunity with its attractive unit mix, desirable location, and potential for additional income through owner-operated facilities. It is a well-positioned, income-generating asset. There are opportunities to even increase current rental income for further value. This property is a prudent choice for investors looking to expand, diversify or start their portfolio. It offers a stable and reliable income stream. The property is 100% occupied and all units were remodeled. There are five-2 beds/1-bath, one-3 beds/1 bath, and eleven-3 beds /2 bath units. All are equipped with their own washer/dryer. The property is located in a Prime location with nearby amenities and great transportation access. Some bedroom counts includes a den (2 beds = 1 bedroom + den and 3 beds = 2 bedrooms + den). The den can function as a bedroom but doesn't have a window.

Location

State AZ

County Maricopa

Community Mountain Springs Terrace Condominium

Area Maricopa

Zoning R5

Direction South on Cave Creek to Michigan Ave. Complex will be on the Right.

Interior

Heating Individual, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Vinyl

Appliance Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer

1-purchase type For Sale

Exterior

Garage Other, >1 Space Per Unit, 1 Space/Unit, Carport

Community Features Barbecue, Manager Res/Office, Pool

Waterfront No

Roof Type Built-Up

Parking Type Other, >1 Space Per Unit, 1 Space/Unit, Carport

Building

New Construction No

Lot Dimensions unknown

Sewer Public Sewer

Water City Franchise

Schools

Elementary Schools Echo Mountain Primary School

Middle Schools Vista Verde Middle School

High Schools North Canyon High School

School District Paradise Valley Unified District

Others

Senior Community No

Tax Amount C$3,960

Tax Year 2024

Tax ID 214-07-044

Acceptable Financing Owner May Carry, 1031 Exchange

Disclosures None

Arizona Regional MLS (ARMLS)
Listed by Coldwell Banker Realty
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18202 Cave Creek Road #17units