For sale

$700,000

18202 Cave Creek Road 5 units, Phoenix, AZ 85032

5beds

5baths

4,180sqft

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Condominium

Built in 1983

-- sqft lot

$-- Zestimate^®

$167/sqft

$-- HOA

What's special

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.

632 days

118

4

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5

Heating

Individual, Electric

Cooling

Central Air, Ceiling Fan(s), Electric

Appliances

Included: Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer

Features

Flooring: Vinyl

Interior area

Total structure area: 4,180
Total interior livable area: 4,180 sqft

Property

Parking

Total spaces: 5
Parking features: Other, Paved, >1 Space Per Unit, 1 Space/Unit, Carport
Has carport: Yes
Covered spaces: 5

Features

Has private pool: Yes

Details

Parcel number: 21407044
Zoning: R5

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Materials

Wood Frame, Painted, Stucco
Roof: Built-Up

Condition

Year built: 1983

Utilities & green energy

Electric: APS
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: Barbecue, Manager Res/Office, Pool
Security: Security Lights, Security Guard
Subdivision: MOUNTAIN SPRINGS TERRACE CONDOMINIUM

Location

Region: Phoenix

Financial & listing details

Price per square foot: $167/sqft
Annual tax amount: $1,800
Date on market: 10/9/2024
Cumulative days on market: 630 days
Listing terms: Owner May Carry,1031 Exchange
Ownership: Condominium
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/14/2025	Price change	$700,000-12.5%$167/sqft
Source: ARMLS #6770097 Report a problem
3/7/2025	Price change	$800,000-3%$191/sqft
Source: ARMLS #6770097 Report a problem
10/11/2024	Listed for sale	$825,000$197/sqft
Source: ARMLS #6770097 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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