- $2.5M Price
18202 Cave Creek Road (unit 17units)
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 beds/1-bath, one-3 beds/1 bath, and eleven-3 beds /2 bath units. All are equipped with their own washer/dryer. The property is located in a Prime location with nearby amenities and great transportation access. Some bedroom counts includes a den (2 beds = 1 bedroom + den and 3 beds = 2 bedrooms + den). The den can function as a bedroom but doesn't have a window.
Essential Information
- MLS® #6770068
- Price$2,500,000
- Acres0.00
- Year Built1983
- TypeMultiple Dwellings
- StatusActive
Community Information
- CityPhoenix
- CountyMaricopa
- StateAZ
- Zip Code85032
Address
18202 Cave Creek Road (unit 17units)
Subdivision
MOUNTAIN SPRINGS TERRACE CONDOMINIUM
Amenities
- Parking Spaces17
Amenities
Barbecue, Manager Res/Office, Pool
Parking
Other, >1 Space Per Unit, 1 Space/Unit, Carport
Interior
- HeatingIndividual, Electric
Appliances
Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Cooling
Central Air, Ceiling Fan(s), Electric
Exterior
- RoofBuilt-Up
- ConstructionWood Frame, Painted, Stucco
School Information
- ElementaryEcho Mountain Primary School
- MiddleVista Verde Middle School
- HighNorth Canyon High School
District
Paradise Valley Unified District
Additional Information
- ZoningR5
Listing Details
- OfficeColdwell Banker Realty
Price Change History for 18202 Cave Creek Road (unit 17units), Phoenix, AZ (MLS® #6770068)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $2,800,000 to $2,500,000 |
Coldwell Banker Realty.
Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on October 24th, 2025 at 12:38pm MST.