18202 Cave Creek Road 17units, Phoenix AZ 85032
$2,125,000
Brokerage: Ivy Realty(623) 299-4954
1 / 40Home facts
- Price
- $2,125,000
- Status
- Active
- Beds
- 29
- Baths
- 29
- Year built
- 1983
- Type
- F
- Pool
- Yes
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- MOUNTAIN SPRINGS TERRACE CONDOMINIUM
- MLS #
- 6770068
Listed by Coldwell Banker Realty · 928-282-4666
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
17-UNIT VALUE-ADD WORKFORCE HOUSING PORTFOLIO | $2,125,000 | Approx. $125,000 Per Unit. Not every investor is the right buyer for this portfolio and that's exactly the point. This 17-unit workforce housing portfolio consists of individually deeded condominium units within Mountain Springs Terrace and is being offered as a single investment opportunity. The portfolio includes eleven 2-bedroom plus den/2-bath units, five 1-bedroom plus den/1-bath units, and one 3-bedroom/1-bath unit. (The den functions as a bedroom but does not have a window.) Offered at $2,125,000 approximately $125,000 per unit this is a value-add opportunity designed for investors who understand cash flow, operational improvements and long-term appreciation rather than turnkey perfection. The projected income profile
Features
Roof
Built-Up
Sewer
Sewer - Public
Cooling
Central Air, Ceiling Fan(s), Electric
Heating
Individual, Electric
Electric
APS
Flooring
Vinyl
WaterSource
City Franchise
ParkingFeatures
Other, >1 Space Per Unit, 1 Space/Unit, Carport
CommunityFeatures
Barbecue, Manager Res/Office, Pool
ConstructionMaterials
Wood Frame, Painted, Stucco
Map
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 2150 E BELL Road 1090 | Oct 1, 2026 | $328,000 | 3/3 | 1,468 | eXp Realty |
| 2623 E ANDERSON Drive | Oct 1, 2026 | $440,000 | 3/2 | 1,618 | The Brokery |
| 18240 N 21ST Street 97 | Sep 30, 2026 | $144,000 | 5/2 | 1,728 | West USA Realty |
| 2311 E HARTFORD Avenue 41 | Sep 29, 2026 | $220,000 | 2/2 | 1,008 | Redfin Corporation |
| 18416 N CAVE CREEK Road 3017 | Sep 29, 2026 | $213,250 | 2/2 | 948 | eXp Realty |
| 2437 E GROVERS Avenue | Sep 29, 2026 | $887,000 | 5/3 | 2,891 | Real Broker |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:33 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).