18202 Cave Creek Road Unit 17units, Phoenix, AZ 85032
- $2,125,000
- List Price
- $2,125,000
- Price Change
- ▼ $255,000 1783646258
- Days on Market
- 657
- Status
- ACTIVE
- MLS#
- 6770068
- City
- Phoenix
- Subdivision
- Mountain Springs Terrace Condominium
- Year Built
- 1983
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.
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Additional Information
- Elementary School
- Echo Mountain Primary School
- High School
- North Canyon High School
- Middle School
- Vista Verde Middle School
- Community Features
- Pool, Manager Res/Office, Barbecue
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Central Air, Electric, Ceiling Fan(s)
- Electric
- APS
- Heating
- Electric, Varies by Unit
- New Financing
- 1031 Exchange, Owner May Carry, Cash
- Parking Features
- 1 Space/Unit, Other, Carport, >1 Space Per Unit
- Roofing
- Built-Up
- Pool
- Yes
- Subdivision
- Mountain Springs Terrace Condominium
- Taxes
- $3,960
- Tax Year
- 2024
- Tenant Pays
- Electricity, Cable TV
- Units
- 17
- Water
- City Franchise
- Zoning
- R5
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Listing courtesy of Coldwell Banker 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.