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

Phoenix
Local realty services provided by:CENTURY 21 Desert Estates Realty
18202 Cave Creek Road #17units,Phoenix, AZ 85032
$2,125,000
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  • 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 20, 2026 at 03:06 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
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. ARMLS Member Broker: JoAnn Ayres

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