AZ > Phoenix > Mountain Springs Terrace Condominium
Phoenix, AZ 85032,18202 N Cave Creek Road #17units
Phoenix, AZ 85032,18202 N Cave Creek Road #17units
Phoenix, AZ 85032,18202 N Cave Creek Road #17units
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$3,040,000
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18202 N Cave Creek Road #17units Phoenix, AZ 85032

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Liz Collier

Liz Collier

+1(480) 269-2260

UPDATED:

11/18/2024 04:09 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Mountain Springs Terrace Condominium

MLS Listing ID 6770068

Maintenance Fees $7,200

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1983

Annual Tax Amount $3,960

Tax Year 2024

Lot Dimensions unknown

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 bedroom,1-bath , one- 3 bed/1 ba. and eleven - 3 bed,2 ba units. All are equipped with their own washer/dryer.The property is located in a Prime location with nearby amenities and great transportation access.

Location

State AZ

County Maricopa

Community Mountain Springs Terrace Condominium

Zoning R5

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

Interior

Heating Individual, Electric

Cooling Central A/C, Electric, Ceiling Fan(s)

Flooring Vinyl

Appliance BI Oven/Range, Microwave, Washer/Dryer

Exterior

Garage Other (See Remarks), >1 Space Per Unit, 1 Space/Unit, Common

Community Features Barbecue, Manager Res/Office, Pool

Roof Type Built-Up

Total Parking Spaces 1

Building

Sewer Public Sewer

Water City Franchise

New Construction No

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 ID 214-07-044

Acceptable Financing No Carry, CTL, 1031 Exchange

Listing Terms No Carry, CTL, 1031 Exchange

Arizona Regional MLS (ARMLS)

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Coldwell Banker Realty

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Liz Collier

Broker Associate | License ID: BR556649000

+1(480) 269-2260

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18202 N Cave Creek Road #17units