$1,440,000
$1,480,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
18202 N CAVE CREEK Road #MULTI Phoenix, AZ 85032
Key Details
Sold Price $1,440,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mountain Springs Terrace Condominium
MLS Listing ID 6663975
Maintenance Fees $600
Year Built 1983
Annual Tax Amount $248
Tax Year 2023
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...
Location
State AZ
County Maricopa
Community Mountain Springs Terrace Condominium
Zoning MF
Interior
Heating Electric
Cooling Central A/C, Electric
Flooring Vinyl
Exterior
Garage Other (See Remarks), Assigned, Add'l Parking Avail, 1 Space/Unit, Common
Community Features Pool
Waterfront No
Roof Type Foam
Building
Sewer Public Sewer
Water City Franchise
Schools
Elementary Schools Echo Mountain Primary School
Middle Schools Vista Verde Middle School
High Schools North Canyon High School
School District Paradise Valley Unified District
Others
Acceptable Financing CTL, Conventional
Listing Terms CTL, Conventional
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Bought with eXp Realty