Properties
Phoenix, AZ 85032 18202 Cave Creek Road # 5 units
$700,000
18 more
Presented By: Coldwell Banker Realty; 928-282-4666
Home Details
This exclusive property package is perfect for both seasoned investors looking to expand their portfolio and newcomers wanting to start their investment journey. The selection of 5 fully renovated 2 bed (1 bedroom+den) units offers a great opportunity for investors of all levels to enter the real estate market or diversify their existing portfolio. With a strong history of occupancy and the potential to increase rental income, these units provide a stable and reliable income stream. The convenient location and amenities make these units highly desirable for tenants, ensuring a steady flow of rental income for investors. Whether you're just starting out or looking to grow your investment portfolio, this property package offers a smart and lucrative opportunity for investors of all levels.
Presented By: Coldwell Banker Realty; 928-282-4666
Interior Features for 18202 Cave Creek Road # 5 units
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringVinyl
Heating Y/NYes
General for 18202 Cave Creek Road # 5 units
Additional Parcels Y/NYes
Attached Garage No
Cap Rate6.16
Carport Y/NNo
CityPhoenix
Community FeaturesBarbecue, Manager Res/Office, Pool
Construction MaterialsWood Frame, Painted, Stucco
CoolingCentral Air, Ceiling Fan(s), Electric
CountyMaricopa
DirectionsSouth on Cave Creek to Michigan Ave. Complex will be on the Right.
DisclosuresNone
ElectricAPS
Elementary SchoolEcho Mountain Primary School
Elementary School DistrictParadise Valley Unified District
Garage Y/NNo
Gross Income76740.0
HeatingIndividual, Electric
High SchoolNorth Canyon High School
High School DistrictParadise Valley Unified District
Insurance Expense3000.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense3000.0
Middle/Junior High SchoolVista Verde Middle School
MobileHomeRemainsYNNo
Net Operating Income43140.0
New ConstructionNo
New Financing: CashTrue
Number Of Units Total5
Occupancy TypeTenant
Open Parking Spaces0.0
Operating Expense33600.0
OwnerPaysTrash Collection, Sewer
OwnershipCondominium
OwnershipCondominium
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofBuilt-Up
Security FeaturesSecurity Light(s), Security Guard
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameMOUNTAIN SPRINGS TERRACE CONDOMINIUM
Tax Annual Amount1800.0
Tax Lot111, 129, 151, 157, &251
Tax Year2024
Unit Number5 units
Year Built1983
ZoningR5
Exterior for 18202 Cave Creek Road # 5 units
Covered Spaces5.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensionsverify
Number of Buildings2
Parking FeaturesOther, Paved, >1 Space Per Unit, 1 Space/Unit, Carport
Road Surface TypeAsphalt
SpaNo
Total Parking5.0
Water SourceCity Franchise
Additional Details
Price History
Schools
Elementary School
Echo Mountain Primary School Elementary School
Middle School
Vista Verde Middle School
High School
North Canyon High School
