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18202 Cave Creek Road , 17Units

Phoenix, AZ 85032
  • $2,500,000
  • STATUS: Active
  • ON SITE: 423 Days
  • MLS #: 6770068
UPDATED: 55 min ago
$2,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Condo
Built:
1983
County:
Area:

School Information

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.

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Arizona Regional MLS logo© 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than AZ Performance Realty. Data last updated 2025-12-08T23:15:41.233.
www.azperformancerealty.com/homes/156657909
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18202 Cave Creek Road , 17Units Phoenix, AZ 85032

  • Price: $2,500,000
  • Status: Active
  • On Site: 423 Days
  • Updated: 55 min ago
  • MLS #: 6770068
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1983
Built
Neighborhood:
Mountain Springs Terrace Condominium
County:
Maricopa
Area:
Phoenix
Elementary School:
Echo Mountain Primary School
Middle School:
Vista Verde Middle School
High School:
North Canyon High School
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.
Exterior Features

Attached Garage YN No Construction Materials Wood FramePaintedStucco Covered Spaces 17 Open Parking Spaces 0 Parking Features Other>1 Space Per Unit1 Space/UnitCarport Roof Built-Up

Interior Features

Appliances Included Washer Dryer Yes BIOven Range Yes Cooling Central AirCeiling Fan(s)Electric Cooling YN Yes Heating IndividualElectric Heating YN Yes Interior Features []

Property Features

Community Features BarbecueManager Res/OfficePool Disclosures None Flood Zone TBD Flooring Vinyl Gross Income 296400 Listing Terms Owner May Carry1031 Exchange Maintenance Expense 6000 Owner Pays Trash CollectionSewer Ownership Condominium Sewer Public Sewer Tax Annual Amount 3960 Tax Year 2024 Water Source City Franchise Zoning R5

Arizona Regional MLS logo Listing provided by Coldwell Banker Realty: .


Arizona Regional MLS logo© 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than AZ Performance Realty. Data last updated 2025-12-08T23:15:41.233.
 
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