18202 Cave Creek Road #17units, Phoenix, AZ 85032

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
18202 Cave Creek Road #17units,Phoenix, AZ 85032
$2,125,000
Virtual Tour
  • 29 Beds
  • 29 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: amy d brown
Office: coldwell banker realty
MLS#:6770068
Source:ARMLS

Price summary

  • Price:$2,125,000

About this home

17-UNIT VALUE-ADD WORKFORCE HOUSING PORTFOLIO | $2,125,000 | Approx. $125,000 Per Unit. Not every investor is the right buyer for this portfolio and that's exactly the point. This 17-unit workforce housing portfolio consists of individually deeded condominium units within Mountain Springs Terrace and is being offered as a single investment opportunity. The portfolio includes eleven 2-bedroom plus den/2-bath units, five 1-bedroom plus den/1-bath units, and one 3-bedroom/1-bath unit. (The den functions as a bedroom but does not have a window.) Offered at $2,125,000 approximately $125,000 per unit this is a value-add opportunity designed for investors who understand cash flow, operational improvements and long-term appreciation rather than turnkey perfection. The projected income profile offers the type of risk-adjusted return experienced investors often seek in workforce housing assets, recognizing that stronger returns typically accompany opportunities requiring active ownership and...

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Home facts

  • Year built:1983
  • Subdivision & Development:MOUNTAIN SPRINGS TERRACE CONDOMINIUM
  • Listing ID #:6770068
  • Updated:August 25, 2026 at 03:17 PM

Rooms and interior

  • Bedrooms:29
  • Total bathrooms:29
  • Flooring:Vinyl

Heating and cooling

  • Cooling:Ceiling Fan(s), Electric
  • Heating:Electric, Individual Heating
  • Central air:Yes

Structure and exterior

  • Year built:1983
  • Construction Materials:Painted, Stucco

Schools

  • High school:North Canyon High School
  • Middle school:Vista Verde Middle School
  • Elementary school:Echo Mountain Primary School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$2,125,000
  • Tax amount:$3,960 (2024)

Parking

  • Total parking spaces:17
  • Parking description:1 Parking Space/Unit, Carport, More Than 1 Parking Space/Unit
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