18202 Cave Creek Road 5 units

Phoenix, AZ 85032
Beds
5
$625,000
5-UNIT VALUE-ADD INVESTMENT OPPORTUNITY | $625,000 | Approx. $125,000 Per Unit Small portfolio. Big opportunity.Terrace, offering investors an opportunity to acquire a manageable workforce housing portfolio with future flexibility. Each residence is a 1-bedroom plus den / 1-bath floor plan (the den functions as a bedroom but does not have… Read MoreRead Less
Courtesy of Coldwell Banker Realty 928-282-4666
Listing Snapshot
Days Online
724
Last Updated
Beds
5
Year Built
1983
MLS Number
6770097
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Property Location Map
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Building
Built in 1983, 2 buildings, Construction Materials: Wood Frame, Painted, Stucco
Community
Barbecue, Manager Res/Office, Pool
Cooling
Central Air, Ceiling Fan(s), Electric
Disclosures
None
Expenses
Insurance: $3,000, Maintenance: $3,000, Operating: $33,600, Other Expense: $300
Floors
Vinyl
Heating
Varies by Unit, Electric
Income
Gross Income: $76,740, Gross ScheduledIncome: $76,740, Net Operating Income: $43,140
Lot
Dimensions: verify
Owner Pays
Trash Collection, Sewer
Parking
5 covered spaces, 5 total parking spaces, Paved, >1 Space Per Unit, 1 Space/Unit, Carport
Roof
Built-Up
Security Features
Security Light(s), Security Guard
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 214-07-044, Annual Amount: $1,800, Tax Book Number: 214.00, Legal Description: LOT 111 MOUNTAIN SPRINGS TERRACE CONDOMINIUM MCR 033448, Lot: 111,129,151,157,&251, Year: 2024, Zoning: R5
Utilities
Water Source: City Franchise, APS
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Jennifer Daniels
Team Leader | Realtor
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