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● For sale

$2,380,000

18202 Cave Creek Road 17units, Phoenix, AZ 85032

MOUNTAIN SPRINGS TERRACE CONDOMINIUM · Maricopa County

Built 1983 No HOA

600 days on market

Description

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.

Property details

Interior

Bathrooms

Total Bathrooms: 0

Appliances

Built-In Range
Refrigerator
Dishwasher
Microwave
Washer/Dryer

Heating and Cooling

Cooling Features: Central Air, Electric, Ceiling Fan(s)
Heating Features: Electric, Varies by Unit

Exterior

Land Info

Lot Size Dimensions: unknown

Garage and Parking

Attached Garage: No
Parking Features: 1 Space/Unit, Other, Carport, >1 Space Per Unit

Community

Neighborhood

Subdivision: MOUNTAIN SPRINGS TERRACE CONDOMINIUM

Listing

Other Property Info

Annual Tax Amount: $3,960
Source Listing Status: Active
County: Maricopa
Directions: South on Cave Creek to Michigan Ave. Complex will be on the Right.
Parcel Number: 214-07-044
Zoning: R5
Postal City: Phoenix
Listing Date: 10/9/2024
MLS#: 6770068

Features

Building and Construction

Year Built: 1983
Property Age: 43
Construction Materials: Wood Frame, Painted, Stucco
Roof: Built-Up

Utilities

Water Source: City Franchise

Contact Us

Ask a question or schedule a showing

Listed by Amy D Brown Coldwell Banker Realty

Listing updated: February 10, 2026

MLS#: 6770068

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All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.