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(602) 769-4725
Real Estate Company
18202 N Cave Creek Road Unit MULTI, Phoenix, AZ 85032
- $1,440,000
- 24
- BD
- 16
- BA
- Sold Price
- $1,440,000
- List Price
- $1,480,000
- Status
- CLOSED
- Days on Market
- 76
- Closing Date
- May 31, 2024
- MLS#
- 6663975
- Subtype
- Multiple Dwellings
- Year Built
- 1983
- Bedrooms
- 24
- Bathrooms
- 16
- Subdivision
- Mountain Springs Terrace Condominium
Property Description
Welcome to an extraordinary real estate investment opportunity that offers both immediate returns and long-term potential. These eight remodeled condo units are not just properties; they represent a strategic step towards building a robust and reliable real estate portfolio. Recently refurbished with a keen eye for modern elegance, these units offer a comfortable and enticing living space for current and potential tenants. Nestled in a prime location and with in-demand amenities, they boast low monthly expenses while offering a fantastic cap rate of 6.72% % for investors. The appeal doesn't end here; these units are not only warrantable and VA-approved but also offer access to guaranteed subsidized rental programs. This unique investment package allows...
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Additional Information
- Taxes
- $248
- Zoning
- MF
- Appliances
- Free-Standing Range, Refrigerator, Disposal, Microwave, Washer/Dryer
- Heating
- Electric
- Air Conditioning
- Central Air, Electric
- Exterior Construction
- Wood Frame, Painted, Stucco
- Pool
- Yes
- Parking Features
- 1 Space/Unit, Other, Carport, Assigned
- Elementary School
- Echo Mountain Primary School
- Middle School
- Vista Verde Middle School
- High School
- North Canyon High School
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Listing courtesy of Listing Agent: Amy Brown () from Listing Office: RE/MAX Fine Properties.
Selling Office: eXp Realty.All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.