Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
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MLS# 6770068 – 18202 Cave Creek Road Unit 17units, Phoenix, AZ 85032

$2,380,000 - Br/Ba - for Sale in Mountain Springs Terrace Condominium, Phoenix
Price: $2,380,000
Units: 17
Property Type: Multiple Dwellings
Status: Active
Year Built: 1983
Neighborhood: Mountain Springs Terrace Condominium
Days on Website: 568

Courtesy of Coldwell Banker Realty

Property Description

This property presents a compelling investment opportunity with its attractive unit mix, desirable location, and potential for additional income through owner-operated facilities. It is a well-positioned, income-generating asset. There are opportunities to even increase current rental income for further value. This property is a prudent choice for investors looking to expand, diversify or start their portfolio. It offers a stable and reliable income stream. The property is 100% occupied and all units were remodeled. There are five-2 beds/1-bath, one-3 beds/1 bath, and eleven-3 beds /2 bath units. All are equipped with their own washer/dryer. The property is located in a Prime location with nearby amenities and great transportation access. Some bedroom counts includes a den (2 beds = 1 bedroom + den and 3 beds = 2 bedrooms + den). The den can function as a bedroom but doesn’t have a window.

Open House

Property Details and Features

  • Appliances & Equipment
  • “Built-In Range”
  • “Dishwasher”
  • “Refrigerator”
  • “Microwave”
  • “Washer/Dryer”
  • Building
  • Built in 1983
  • Construction materials: “Wood Frame”, “Painted”, “Stucco”
  • 17 total units
  • Cooling
  • “Central Air”
  • “Ceiling Fan(s)”
  • “Electric”
  • Expenses
  • Insurance: $7,200
  • Maintenance: $6,000
  • Floors
  • “Vinyl”
  • Heating
  • “Individual”
  • “Electric”
  • Listing
  • Listing ID: 6770068
  • Standard status: Active
  • 567 days on market
  • Location
  • Subdivision name: MOUNTAIN SPRINGS TERRACE CONDOMINIUM
  • Parking
  • “>1 Space Per Unit”
  • “1 Space/Unit”
  • “Carport”
  • 17 total parkings
  • Property
  • Zoning: R5
  • Roof
  • “Built-Up”
  • Schools
  • Elementary school: Echo Mountain Primary School
  • High school: North Canyon High School
  • High school district: Paradise Valley Unified District
  • Security Features
  • “Security Light(s)”
  • “Security Guard”
  • Sewer
  • “Public Sewer”
  • Taxes
  • Annual amount: $3,960
  • Lot: 17 condos
  • Utilities
  • “APS”

Property Map

$2,380,000 – 18202 Cave Creek Road Unit 17units, Phoenix, AZ 85032

Street View

Nearby Schools

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This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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