18202 Cave Creek Road 5 units, Phoenix AZ 85032
$625,000
Brokerage: Ivy Realty(623) 299-4954
1 / 23Home facts
- Price
- $625,000
- Status
- Active
- Beds
- 5
- Baths
- 5
- Year built
- 1983
- Type
- F
- Pool
- Yes
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- MOUNTAIN SPRINGS TERRACE CONDOMINIUM
- MLS #
- 6770097
Listed by Coldwell Banker Realty · 928-282-4666
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
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 a window) and includes its own washer and dryer. Priced at $625,000--approximately $125,000 per unit--this portfolio is well suited for investors looking to expand an existing rental portfolio or establish a meaningful presence in the Phoenix workforce housing market.The projected income profile offers attractive risk-adjusted return potential for investors who understand value-add opportunities and active portfolio management.This is an unwarrantable
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, Paved, >1 Space Per Unit, 1 Space/Unit, Carport
CommunityFeatures
Barbecue, Manager Res/Office, Pool
ConstructionMaterials
Wood Frame, Painted, Stucco
Map
Price and status history
| Date | Change | From → To |
|---|---|---|
| Jul 9, 2026 | Price | $700,000 → $625,000 |
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 2623 E ANDERSON Drive | Oct 1, 2026 | $440,000 | 3/2 | 1,618 | The Brokery |
| 2150 E BELL Road 1090 | Oct 1, 2026 | $328,000 | 3/3 | 1,468 | eXp Realty |
| 18240 N 21ST Street 97 | Sep 30, 2026 | $144,000 | 5/2 | 1,728 | West USA Realty |
| 2437 E GROVERS Avenue | Sep 29, 2026 | $887,000 | 5/3 | 2,891 | Real Broker |
| 18416 N CAVE CREEK Road 3017 | Sep 29, 2026 | $213,250 | 2/2 | 948 | eXp Realty |
| 2311 E HARTFORD Avenue 41 | Sep 29, 2026 | $220,000 | 2/2 | 1,008 | Redfin Corporation |
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).