Sold for $2,465,000

$2,465,000

7440 E CAVE CREEK Road, Carefree, AZ 85377

12beds

2baths

6,000sqft

Multi Family

Built in 1963

-- sqft lot

$2,408,700 Zestimate^®

$411/sqft

$2,174 Estimated rent

Home value

$2,408,700

$2.19M - $2.65M

$2,174/mo

Zestimate^® history

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$2,174/mo

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$2,174/mo

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$14,308/mo

Est. payment

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$14,308/mo

Est. payment

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What's special

Nestled in the tranquil heart of Carefree, this beautifully renovated multifamily property offers 8 distinct units, each thoughtfully restored to blend vintage character with modern conveniences. Every inch of the property has been updated with attention to detail, featuring brand-new custom kitchens with ample storage, new custom bathrooms, vinyl plank flooring, new windows, and new fans and fixtures. Each unit is equipped with new in-unit washer/dryers, updated HVAC systems, new hot water heaters, ensuring comfort and convenience throughout.Residents can enjoy new outdoor amenities, including a sparkling pool and putting green. The property comprises four spacious 2-bedroom/1-bath units and four 1-bedroom/1-bath units, offering a variety of living options.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 2

Heating

Electric

Cooling

Ceiling Fan(s), Heat Pump

Appliances

Included: Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer

Features

Flooring: Vinyl

Interior area

Total structure area: 6,000
Total interior livable area: 6,000 sqft

Property

Parking

Total spaces: 9
Parking features: Paved, Free, 1 Space/Unit
Uncovered spaces: 9

Lot

Size: 0.74 Acres
Dimensions: 32,352 sq ft.

Details

Parcel number: 21683316C
Zoning: Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick Veneer, Painted, Brick

Condition

Year built: 1963

Utilities & green energy

Electric: APS
Sewer: Public Sewer
Water: City Franchise

Community & neighborhood

Community

Community features: Other, Barbecue, Pool

Location

Region: Carefree
Subdivision: CAREFREE TOO

Other

Other facts

Listing terms: No Carry,Conventional,1031 Exchange
Ownership: Fee Simple

Price history

Date	Event	Price
6/30/2025	Sold	$2,465,000-1.2%$411/sqft
Source: ARMLS #6839986 Report a problem
6/24/2025	Pending sale	$2,495,000$416/sqft
Source: ARMLS #6839986 Report a problem
3/24/2025	Listed for sale	$2,495,000+177.2%$416/sqft
Source: ARMLS #6839986 Report a problem
12/14/2021	Sold	$900,000+227.3%$150/sqft
Source: Public Record Report a problem
7/20/2004	Sold	$275,000$46/sqft
Source: ARMLS #2151583 Report a problem