18202 Cave Creek Road # 5 units Phoenix, AZ $ 700,000
18202 Cave Creek Road # 5 units
$ 700,000
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18202 Cave Creek Road # 5 units

Phoenix, AZ, 85032
$ 700,000
Baths0.0

Monthly Estimate*

$ 4,367

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $700,000. This home was built in 1983.

This exclusive property package is perfect for both seasoned investors looking to expand their portfolio and newcomers wanting to start their investment journey. The selection of 5 fully renovated 2 bed (1 bedroom+den) units offers a great opportunity for investors of all levels to enter the real estate market or diversify their existing portfolio. With a strong history of occupancy and the potential to increase rental income, these units provide a stable and reliable income stream. The convenient location and amenities make these units highly desirable for tenants, ensuring a steady flow of rental income for investors. Whether you're just starting out or looking to grow your investment portfolio, this property package offers a smart and lucrative opportunity for investors of all levels.

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Multi-Family Active

Price

$ 700,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,800

Style

Multiple Dwellings

Year Built

1983

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6770097

Features
General
Sewer Public Sewer
Heating Individual Electric
Cooling Central Air Ceiling Fan(s) Electric
Roof Built-Up
Zoning R5
Construction Materials Wood Frame Painted Stucco
Year Built 1983
Electric APS
Unit Number 5 units
Tax Year 2024
Ownership Condominium Condominium
Gross Income 76740.0
Community Features Barbecue Manager Res/Office Pool
County Maricopa
Net Operating Income 43140.0
Operating Expense 33600.0
Insurance Expense 3000.0
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 3000.0
Subdivision Name MOUNTAIN SPRINGS TERRACE CONDOMINIUM
Garage Y/N N
Status Active
Directions South on Cave Creek to Michigan Ave. Complex will be on the Right.
High School North Canyon High School
City Phoenix
Disclosures None
High School District Paradise Valley Unified District
Open Parking Spaces 0.0
Number Of Units Total 5
Lot Size Square Feet 0.0
Carport Y/N N
Elementary School Echo Mountain Primary School
Tax Annual Amount 1800.0
Middle/Junior High School Vista Verde Middle School
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Paradise Valley Unified District
Tax Lot 111 129 151 157 &251
Cap Rate 6.16
Senior Community N
New Financing: Cash True
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Other Paved >1 Space Per Unit 1 Space/Unit Carport
Water Source City Franchise
Total Parking 5.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions verify
Lot Size Acres 0.0
Covered Spaces 5.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 18202
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* Excluded Features
List By
Coldwell Banker Realty

Broker

eyeonsedona@gmail.com

Email

Affordability Calculator

$4,517
Per Month
97%
3%
0%
Monthly Principal & Interest
$4,367
Monthly Property Taxes
$150
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327056 Elementary School
4328039 Middle School
North Canyon High School High School
Pricing History
DatePricePrice ChangeDescription
6/14/2025$700,000 -12.50% Price Down
3/7/2025$800,000 -3.03% Price Down
10/12/2024$825,000 Listed Price

Map


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18202 Cave Creek Road # 5 units, Phoenix, AZ, 85032 is a Multi-Family Home for sale at $700,000. 18202 Cave Creek Road # 5 units is a studio with 0.0 baths and was built in 1983. The property's zip code is 85032 which is in Phoenix, AZ