18202 Cave Creek Road Unit 17units, Phoenix, AZ 85032
- $2,125,000
- List Price
- $2,125,000
- Price Change
- ▼ $255,000 1783646258
- Days on Market
- 663
- Status
- ACTIVE
- MLS#
- 6770068
- City
- Phoenix
- Subdivision
- Mountain Springs Terrace Condominium
- Year Built
- 1983
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.
Additional Information
- Elementary School
- Echo Mountain Primary School
- High School
- North Canyon High School
- Middle School
- Vista Verde Middle School
- Community Features
- Pool, Manager Res/Office, Barbecue
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Central Air, Electric, Ceiling Fan(s)
- Electric
- APS
- Heating
- Electric, Varies by Unit
- New Financing
- 1031 Exchange, Owner May Carry, Cash
- Parking Features
- 1 Space/Unit, Other, Carport, >1 Space Per Unit
- Roofing
- Built-Up
- Pool
- Yes
- Subdivision
- Mountain Springs Terrace Condominium
- Taxes
- $3,960
- Tax Year
- 2024
- Tenant Pays
- Electricity, Cable TV
- Units
- 17
- Water
- City Franchise
- Zoning
- R5
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Listing courtesy of Coldwell Banker Realty.