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

Phoenix
Local realty services provided by:CENTURY 21 Arizona Foothills
18202 Cave Creek Road #5 units,Phoenix, AZ 85032
$625,000
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  • 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 20, 2026 at 03:06 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
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: Floyd Scott

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