Listing MLS# 6770068 Phoenix AZ Real Estate

Please contact Barbara Baker at 928.301.0669 for more information on this property! I specialize in Phoenix AZ real estate, Mountain Springs Terrace Condominium - Phoenix real estate for sale, Phoenix, AZ homes for sale and Phoenix real estate and Phoenix homes.

$2,500,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$2,500,000 No Recent Price Change
18202 Cave Creek Road UNIT 17units
Phoenix, AZ 85032
  • N/ABeds
  • 0.00Total Baths
  • N/ASqFt
  • 1983Year Built
  • 0.00Acres
  • 42 yearsEst Age
  • MLS# 6770068
  • Multifamily
  • Multiple Dwellings
  • Active


Overview

This property presents a compelling investment opportunity with its attractive unit mix, desirable location, and potential for additional income through owner-operated facilities.It is a well-positioned, income-generating asset.There are opportunities to even increase current rental income for further value.This property is a prudent choice for investors looking to expand, diversify or start their portfolio.It offers a stable and reliable income stream.The property is 100% occupied and all units were remodeled.There are five-2 bedroom,1-bath , one- 3 bed/1 ba. and eleven - 3 bed,2 ba units. All are equipped with their own washer/dryer. The property is located in a Prime location with nearby amenities and great transportation access.



Agriculture / Farm

Horse:  No

Association Fees / Info

Community Features:  Barbecue, Manager Res/Office, Pool

Hoa:  No

Bathroom Info

Building Info

Construction Materials:  Wood Frame, Painted, Stucco

Roof:  Built-Up

Exterior Features

Pool Private:  No

Financial

Owner Pays:  Trash Collection,Sewer

Gross Income:  296400

Insurance Expense:  7200

Maintenance Expense:  6000

Garage / Parking

Parking Features:  Other, >1 Space Per Unit, 1 Space/Unit, Carport

Garage:  No

Attached Garage:  No

Interior Features

Flooring:  Vinyl

Appliances:  Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer

Fireplace:  No

Lot Info

Lot Size:  unknown

Number of Buildings:  2

Other School Info

Property Info

Road Surface Type:  Asphalt

Zoning:  R5

Property Attached:  No

Tax Info

Tax Legal Description:  LOT 111 MOUNTAIN SPRINGS TERRACE CONDOMINIUM MCR 033448

Tax Amount Annual:  3960

Unit Info

Total Units:  17

Unit:  17units

Utilities / Hvac

Water Source:  City Franchise

Electric:  APS

Cooling:  Yes

Cool System:  Central Air, Ceiling Fan(s), Electric

Heating:  Individual, Electric

Heating:  Yes

Sewer:  Public Sewer

Waterfront / Water

Water Front:  No

Directions

South on Cave Creek to Michigan Ave. Complex will be on the Right.

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On barbarabakerrealty.com since Wed, Oct 9th 2024
No Property History recorded for this listing.
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