$2,850,000
18202 N CAVE CREEK Road 105Phoenix, AZ 85032
MLS# 6639720
37 beds | 181 baths
1 / 1
Property DescriptionWelcome to a prime investment opportunity in the heart of Phoenix! This meticulously maintained property consists of 15 units, offering a lucrative cash flow for savvy investors. Nestled in a sought-after neighborhood, the location provides easy access to major amenities, schools, and entertainment. Each unit is equipped with modern amenities, ensuring tenant satisfaction and retention. With a proven track record of consistent rental income, this turnkey investment is an ideal addition to any portfolio. Take advantage of Phoenix's thriving real estate market and secure your financial future with this cash-flowing gem. Whether you're a seasoned investor or entering the market for the first time, don't miss out on this golden opportunity in the dynamic landscape of Phoenix real estate!
Details
Contract Info
Current Price: $2,850,000
List Price: $2,850,000
Status: Closed
List Date: 2023-12-11
Ownership: Condominium
Location, Tax & Legal
House Number: 18202
Compass: N
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 1059
Country: US
County Code: Maricopa
Subdivision: MOUNTAIN SPRINGS TERRACE CONDOMINIUM
Assessor Number: 214-07-038
Tax Year: 2023
General Property Description
Lot Size Dimensions: Unknown
Year Built: 1983
Uncvrd Parking Spcs: 7
Total # of Units: 15
# of Buildings: 1
Zoning: MF
Flood Zone: No
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Legal Info
Section: 34/4N/3E
Lot Number: LOT 105 MOUNTAIN SPR
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1850
Avg SqFt: 836
# Baths: 13
3 Bedrooms Units
# 3 Bedroom Units: 7
Avg Rent: 1950
Avg SqFt: 836
# Baths: 11
Structure
Bedrooms Total: 37
Bathrooms Total: 181
Income & Expenses
Gross Annual Sch Inc: 322,000
Net Operating Income: 257,000
Showing Notification Methods
Showing Service: Aligned Showings
Sold Info
Loan Type: Carryback
Loan Years: 5
Payment Type: Interest Only
Closing Cost Split: Buyer - B
Buyer Concession $/%: $
Seller Concession $/%: $
Remarks Misc
Cross Street: Cave Creek Rd / Union Hills Dr
Geo Lat: 33.651868
Geo Lon: -112.031812
Status Change Info
Off Market Date: 2023-12-12
Under Contract Date: 2023-12-11
Close of Escrow Date: 2023-12-12
Sold Price: $2,850,000
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Vinyl
Sale Includes: Building(s) Only
Payment Includes: Principal; Interest; Taxes; Insurance
Community Features: Pool; Other
Exterior Amenities: Desert Landscaping; Fenced; Partially Fenced
Appliances Included: Dishwasher; Disposal; Microwave; Refrigerator; Built-In Range
Heating: Electric
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport; On Street; Assigned
Road Surface Type: Asphalt
Owner Pays: None; Other
Tenant Pays: Gas; Water; Sewer; Electricity; Trash Collection; Cable TV; Other (See Remarks)
Source of Fincl Data: Owner; Projected Proforma
Special: Owner/Agent
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
New Financing: Lease Option; 1031 Exchange; Other (See Remarks)
Environmental: None
Listing Office: eXp Realty
Last Updated: December - 11 - 2024
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