18202 N Cave Creek Road Unit MULTI, Phoenix, AZ 85032
- $1,440,000
- Sold Price
- $1,440,000
- List Price
- $1,480,000
- Closing Date
- May 31, 2024
- Days on Market
- 76
- Status
- CLOSED
- MLS#
- 6663975
- City
- Phoenix
- Subdivision
- Mountain Springs Terrace Condominium
- Year Built
- 1983
Property Description
Welcome to an extraordinary real estate investment opportunity that offers both immediate returns and long-term potential. These eight remodeled condo units are not just properties; they represent a strategic step towards building a robust and reliable real estate portfolio. Recently refurbished with a keen eye for modern elegance, these units offer a comfortable and enticing living space for current and potential tenants. Nestled in a prime location and with in-demand amenities, they boast low monthly expenses while offering a fantastic cap rate of 6.72% % for investors. The appeal doesn't end here; these units are not only warrantable and VA-approved but also offer access to guaranteed subsidized rental programs. This unique investment package allows...
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Additional Information
- Elementary School
- Echo Mountain Primary School
- High School
- North Canyon High School
- Middle School
- Vista Verde Middle School
- School District
- Paradise Valley Unified District
- Community Features
- Pool
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Central Air, Electric
- Electric
- APS
- Flooring
- Vinyl
- Heating
- Electric
- New Financing
- CTL, Conventional
- Parking Features
- Other, Assigned, Add'l Parking Avail, 1 Space/Unit, Carport
- Roofing
- Foam
- Sewer
- Public Sewer
- Subdivision
- Mountain Springs Terrace Condominium
- Taxes
- $248
- Tax Year
- 2023
- Units
- 8
- Water
- City Franchise
- Zoning
- MF
Courtesy of RE/MAX Fine Properties. gremmers@fineprop.com Selling Office: eXp Realty.
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