18202 N Cave Creek Road, 5 units, Phoenix, AZ 85032

$825,000

Property Type: Multiple Dwellings Status: Active

Current Price: $825,000 Last Modified: 2/02/2025

Description

This exclusive property package is perfect for both seasoned investors looking to expand their portfolio and newcomers wanting to start their investment journey.The selection of fully renovated 2-bedroom, 1-bath units offers a great opportunity for investors of all levels to enter the real estate market or diversify their existing portfolio.With a strong history of occupancy and the potential to increase rental income, these units provide a stable and reliable income stream The convenient location and amenities make these units highly desirable for tenants,ensuring a steady flow of rental income for investors.Whether you're just starting out or looking to grow your investment portfolio, this property package offers a smart and lucrative opportunity for investors of all levels.

More Information MLS# 6770097

Contract Info

Current Price: $825,000 List Price: $825,000 Status: Active List Date: 2024-10-09 Ownership: Condominium

Location Tax Legal

House Number: 18202 Compass: N Street Name: Cave Creek St Suffix: Road City/Town Code: Phoenix State/Province: AZ Zip Code: 85032 Zip4: 1067 Country: USA County Code: Maricopa Subdivision: MOUNTAIN SPRINGS TERRACE CONDOMINIUM Assessor Number: 214-07-044 Tax Year: 2024

General Property Description

Lot Size Dimensions: verify Year Built: 1983 Total # of Units: 132 # of Buildings: 2 Zoning: R5 Flood Zone: TBD Elementary School District: Paradise Valley Unified District High School District: Paradise Valley Unified District Elementary School: Echo Mountain Primary School Jr. High School: Vista Verde Middle School High School: North Canyon High School

Remarks Misc

Cross Street: Cave Creek & Union Hills Directions: South on Cave Creek to Michigan Ave. Complex will be on the Right. Geo Lat: 33.651805 Geo Lon: -112.031812

Status Change Info

Status Change Date: 2024-10-11

Legal Info

Lot Number: 111,129,151,157,&251

Income Expenses

Gross Annual Sch Inc: 77520 Net Operating Income: 46056

Showing Notification Methods

Showing Service: Aligned Showings

2 Bedroom Units

# 2 Bedroom Units: 5 Avg Rent: 1300 Avg SqFt: 836 # Baths: 1

Property Features

Project Type: 5 - 12 Units Other Type: Packaged Offering; Other (See Remarks) Construction: Frame - Wood Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Vinyl Sale Includes: Other (See Remarks) Community Amenities: Pool; Manager Res/Office; Barbecue Exterior Amenities: Landscape Wtr System; Desert Landscaping; Cable TV Available; Security Guard; Security Light(s) Interior Amenities: Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds; Breakfast Bar Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Heating: Individual Cooling: Ceiling Fan(s); Electric; Central A/C Water: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking: Carport; 1 Space/Unit; >1 Space Per Unit; Paved Parking; Other (See Remarks) Owner Pays: Water; Trash Collection Tenant Pays: Electric; Cable TV Source of Fincl Data: Provided by Owner Special: Accept Backups (CLO) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Other Existing 1st Loan: Private New Financing: Cash; CTL; No Carry; 1031 Exchange Environmental: None

Listing Office: Coldwell Banker Realty

Last Updated: February - 02 - 2025

18202 N Cave Creek Road, 5 units, Phoenix, AZ 85032 (MLS# 6770097)