Welcome 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!
Sold for $2,850,000
$2,850,000
18202 N CAVE CREEK Road #105, Phoenix, AZ 85032
37beds
24baths
12,540sqft
Condominium
Built in 1983
-- sqft lot
$1,189,100 Zestimate®
$227/sqft
$1,498 Estimated rent
Home value
$1,189,100
$916,000 - $1.53M
$1,498/mo
Zestimate® history
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Owner options
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$1,498/mo
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Rent Zestimate®
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$16,084/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: December 10, 2024 at 04:00pm
Listed by:
Murphy DeMara 480-257-9194,
eXp Realty,
Austin Zaback 480-399-0669,
eXp Realty
Bought with:
Daniel K Papin, SA684875000
W and Partners, LLC
Source: ARMLS,MLS#: 6639720
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 37
- Bathrooms: 24
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave
Features
- Flooring: Vinyl
Interior area
- Total structure area: 12,540
- Total interior livable area: 12,540 sqft
Property
Parking
- Total spaces: 15
- Parking features: Assigned, On Street, Carport
- Has carport: Yes
- Covered spaces: 8
- Uncovered spaces: 7
Details
- Parcel number: 21407038
- Zoning: MF
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Wood Frame, Painted, Stucco
- Roof: Foam
Condition
- Year built: 1983
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: City Franchise
Community & neighborhood
Community
- Community features: Other, Pool
Location
- Region: Phoenix
- Subdivision: MOUNTAIN SPRINGS TERRACE CONDOMINIUM
Other
Other facts
- Listing terms: Other (See Remarks),1031 Exchange,Lease Option
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/12/2023 | Sold | $2,850,000+4284.6%$227/sqft |
Source:  ARMLS #6639720 Report a problem | ||
| 9/25/2023 | Price change | $1,900-3.8% |
Source: Zillow Rentals Report a problem | ||
| 9/11/2023 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 9/11/2023 | Listed for rent | $1,975 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $236 +2.6% | $10,660 +5.4% |
| 2024 | $230 +2% | $10,110 +374% |
| 2023 | $225 -0.7% | $2,133 -64% |
Find assessor info on the county website
Neighborhood: Paradise Valley
Nearby schools
GreatSchools rating
- 2/10Echo Mountain Primary SchoolGrades: PK-3Distance: 0.7 mi
- 4/10North Canyon High SchoolGrades: 8-12Distance: 0.8 mi
- 4/10Echo Mountain Intermediate SchoolGrades: 4-6Distance: 0.7 mi
Schools provided by the listing agent
- District: Paradise Valley Unified District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,189,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,189,100
- Arizona
- Maricopa County
- Phoenix
- 85032
- Paradise Valley
- 18202 N CAVE CREEK Road Unit 105