About 18202 Cave Creek Road (unit 17units)
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.
Features of 18202 Cave Creek Road (unit 17units)
| MLS® # | 6770068 |
|---|---|
| Price | $2,500,000 |
| Acres | 0.00 |
| Year Built | 1983 |
| Type | Multiple Dwellings |
| Status | Active |
Community Information
| Address | 18202 Cave Creek Road (unit 17units) |
|---|---|
| Subdivision | MOUNTAIN SPRINGS TERRACE CONDOMINIUM |
| City | Phoenix |
| County | Maricopa |
| State | AZ |
| Zip Code | 85032 |
Amenities
| Amenities / Community Features | Barbecue, Manager Res/Office, Pool |
|---|---|
| Parking Spaces | 17 |
| Parking | Other, >1 Space Per Unit, 1 Space/Unit, Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer |
|---|---|
| Heating | Individual, Electric |
| Cooling | Central Air, Ceiling Fan(s), Electric |
| Fireplace | No |
Exterior
| Roof | Built-Up |
|---|---|
| Construction | Wood Frame, Painted, Stucco |
School Information
| District | Paradise Valley Unified District |
|---|---|
| Elementary | Echo Mountain Primary School |
| Middle | Vista Verde Middle School |
| High | North Canyon High School |
Additional Information
| Zoning | R5 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Realty |
|---|