Address
18202 N CAVE CREEK Road # MULTI, Phoenix, AZ
Price
$ 1,480,000
Property Attributes
- MLS#6663975
- TypePending
- CountyMARICOPA
- CityPhoenix
- NeighborhoodMOUNTAIN SPRINGS TERRACE CONDOMINIUM
- Zip85032
- StyleMultiple Dwellings
- Year Built1983
- Taxes$ 248
- Price$ 1,480,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
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...
| Elementary School | Middle School | High School |
|---|---|---|
| Echo Mountain Primary School Elementary School | Vista Verde Middle School | North Canyon High School |
| Price History | |
|---|---|
| 2/15/2024 | Listed $1,520,000 |
| 4/4/2024 | 3% - $1,480,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Electric |
| Cooling | Central A/C,Electric |
| Roof | Foam |
| Zoning | MF |
| Construction Materials | Painted,Stucco,Frame - Wood |
| Year Built | 1983 |
| Electric | APS |
| Tenant Pays | Electricity,Cable TV |
| Township | 4N |
| Unit Number | MULTI |
| Tax Year | 2023 |
| Percent Ownership | Condominium |
| Gross Income | 0.0 |
| OwnerPays | See Remarks |
| Community Features | Pool |
| County | Maricopa |
| Net Operating Income | 102200.0 |
| Operating Expense | 43368.0 |
| Insurance Expense | 4090.0 |
| Property Type | Multiple Dwellings |
| Attached Garage | No |
| MaintenanceExpense | 600.0 |
| Subdivision Name | MOUNTAIN SPRINGS TERRACE CONDOMINIUM |
| Garage Y/N | No |
| Status | Pending |
| Directions | South on Cave Creek to Michigan Ave. Complex will be on the right. |
| High School | North Canyon High School |
| City | Phoenix |
| Buyer Agent Compensation | 2.00 |
| Disclosures | Seller Prop Disc Stm |
| View Y/N | No |
| High School District | Paradise Valley Unified District |
| Open Parking Spaces | 1.0 |
| Total Units | 8 |
| Lot Size Square Feet | 0.0 |
| Carport Y/N | No |
| Street Name | CAVE CREEK |
| Elementary School | Echo Mountain Primary School |
| Tax Annual Amount | 248.0 |
| Current Financing | Non Assumable |
| Middle/Junior High School | Vista Verde Middle School |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 161 |
| Standard Status | Pending |
| Occupancy Type | Tenant |
| Elementary School District | Paradise Valley Unified District |
| Tax Lot | 119 |
| Cap Rate | 6.72 |
| MobileHomeRemainsYN | No |
| Buyer Agent Compensation Type | % |
| New_sp_Financing_co_Conventional5 | True |
| Ownership | Condominium |
| Senior Community | No |
Interior Features
| Flooring | Vinyl |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | Road |
| Electric On Property Y/N | No |
Exterior Features
| Parking Features | Other (See Remarks),Assigned,Add'l Parking Avail,1 Space/Unit,Common |
|---|---|
| Water Source | City Franchise |
| Total Parking | 9.0 |
| Lot Size Area | 0.0 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | Unknown |
| Lot Size Acres | 0.0 |
| Road Surface Type | Asphalt |
| Covered Spaces | 8.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 85032
Price
Taxes
Visits
Year Built
© 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Information deemed to be reliable but not guaranteed. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Only IDX residential listings are displayed on this site. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose
