18202 Cave Creek Road #5 units, Phoenix, AZ 85032

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
18202 Cave Creek Road #5 units,Phoenix, AZ 85032
$625,000
Virtual Tour
  • 5 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: amy d brown
Office: coldwell banker realty
MLS#:6770097
Source:ARMLS

Price summary

  • Price:$625,000

About this home

5-UNIT VALUE-ADD INVESTMENT OPPORTUNITY | $625,000 | Approx. $125,000 Per Unit Small portfolio. Big opportunity.Terrace, offering investors an opportunity to acquire a manageable workforce housing portfolio with future flexibility. Each residence is a 1-bedroom plus den / 1-bath floor plan (the den functions as a bedroom but does not have a window) and includes its own washer and dryer. Priced at $625,000--approximately $125,000 per unit--this portfolio is well suited for investors looking to expand an existing rental portfolio or establish a meaningful presence in the Phoenix workforce housing market.The projected income profile offers attractive risk-adjusted return potential for investors who understand value-add opportunities and active portfolio management.This is an unwarrantable condominium community, making conventional residential financing challenging. The ideal purchaser will utilize commercial financing, cash, a 1031 Exchange, private capital, or other investment...

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Home facts

  • Year built:1983
  • Subdivision & Development:MOUNTAIN SPRINGS TERRACE CONDOMINIUM
  • Listing ID #:6770097
  • Updated:August 13, 2026 at 03:07 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:5
  • 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:$625,000
  • Tax amount:$1,800 (2024)

Parking

  • Total parking spaces:5
  • Parking description:1 Parking Space/Unit, Carport, More Than 1 Parking Space/Unit, Paved
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