18202 Cave Creek Rd, Unit 17S

Phoenix, AZ 85032

$2,500,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a view of balcony with small white fence
a bathroom with shower
a view of empty room with wooden floor and fan
an empty room with wooden floor and windows
a view of a kitchen with electric appliances
a view of kitchen with stainless steel appliances refrigerator stove microwave and cabinets
a kitchen with stainless steel appliances granite countertop a sink stove and microwave
a kitchen with a refrigerator and a stove top oven
a kitchen with stainless steel appliances granite countertop a stove and a sink
a kitchen with a refrigerator sink and cabinets
an empty room with wooden floor and windows
a view of an empty room with wooden floor and a window
an empty room with wooden floor and a ceiling fan
a view of an empty room and wooden floor
a bathroom with a sink toilet vanity and shower
wooden floor in an empty room with a window
a view of an empty room with wooden floor
wooden floor in an empty room with a window
an empty room with a window
a bathroom with a sink toilet vanity and shower
a view of an empty room
a view of an empty room
a view of bathroom with a toilet and a sink
a view of a patio with couches table and chairs with wooden floor and fence
a view of a swimming pool with two chairs and a table
a view of a city with tall buildings
Unit #210
Living Space
a kitchen with kitchen island a sink a stove a microwave and refrigerator
a kitchen with stainless steel appliances a stove a sink and a microwave
Living Space
Laundry
Hallway
Primary Bedroom
Primary Bedroom
Primary Bath en suite
Bedroom 2
Bedroom 2
a bathroom with a toilet a sink and bathtub
a view of an empty room
Bedroom 3
Bedroom 3
Unit #157
a view of a kitchen with a sink cabinets and a window
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
Kitchen
a view of an empty room with wooden floor and a window
Bedroom
a view of an empty room with wooden floor and a window
a utility room with wooden floor washer and dryer
Unit #256
a view of a kitchen with a sink and cabinets
a kitchen with a refrigerator and cabinets
a kitchen with a sink stainless steel appliances and cabinets
a kitchen with stainless steel appliances a stove a microwave and a counter top
Bedroom 1
a bathroom with a toilet sink and shower
a view of a room with a ceiling fan and window
Bath 2
a utility room with dryer and washer

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...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.

Property Details for 18202 Cave Creek Road, Unit 17S

Subdivision Name
MOUNTAIN SPRINGS TERRACE CONDOMINIUM
View YN
No
Zoning
R5
LISTING UPDATED: 10/17/2025 07:54 PM

Property Details for 18202 Cave Creek Road, Unit 17S

StatusActive
MLS #6770068
Days on Market431
Taxes$3,960 / year
HOA Fees-
Condo/Co-op Fees$6,000 / month
Compass TypeMulti Family
MLS TypeMultiple Dwellings
Year Built1983
Lot Size-
CountyMaricopa County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 18202 Cave Creek Road, Unit 17S

Stories-Residences17Year Built1983Building Size-Lot Size-

Payment Calculator

$18,683 per month

30 year fixed, 6.28% Interest

Principal and Interest

$12,353

Property Taxes

$330

HOA Dues

$6,000

The Payment Calculator is for illustrative purposes only.

Property Information for 18202 Cave Creek Road, Unit 17S

Summary
Location and General Information
  • Unparsed Address: 18202 Cave Creek Road, 17units, Phoenix, AZ 85032
  • City: Phoenix
  • Coordinates: -112.031815, 33.651769
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: Cave Creek & Union Hills
  • Directions: South on Cave Creek to Michigan Ave. Complex will be on the Right.
  • Latitude: 33.651769
  • Longitude: -112.031815
  • Postal City: Phoenix
  • Postal Code: 85032
  • Postal Code Plus4: 1067
  • State Or Province: AZ
  • Street Suffix: Road
  • Year Built: 1,983
Taxes and HOA
  • Tax Annual Amount: $3,960.00
  • Tax Book Number: 214.00
  • Tax Legal Description: LOT 111 MOUNTAIN SPRINGS TERRACE CONDOMINIUM MCR 033448
  • Tax Lot: 17 condos
  • Tax Year: 2,024
Parking
  • Covered Spaces: 17
  • Garage YN: No
  • Open Parking Spaces: 0
  • Parking Features: Other, >1 Space Per Unit, 1 Space/Unit, Carport
  • Parking Total: 17
School Information
  • Elementary School: Echo Mountain Primary School
  • Elementary School District: Paradise Valley Unified District
  • High School: North Canyon High School
  • High School District: Paradise Valley Unified District
  • Middle Or Junior School: Vista Verde Middle School
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: unknown
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Disclosures: None
  • Documents Change Timestamp: 10-02-2025 12:13:17 PM
  • Documents Count: 3
  • Ownership: Condominium
  • Parcel Number: 21407044
  • Property Type: Multiple Dwellings
  • Road Surface Type: Asphalt
Utilities
  • Electric: APS
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Water Source: City Franchise
Interior and Exterior Features
Exterior Features
  • Community Features: Barbecue, Manager Res/Office, Pool
  • Construction Materials: Wood Frame, Painted, Stucco
  • Number Of Buildings: 2
  • Number Of Units Total: 17
  • Roof: Built-Up
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling YN: Yes
  • Flooring: Vinyl
  • Heating: Individual, Electric
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Gross Income: $296,400.00
  • Gross Scheduled Income: $296,400.00
  • Insurance Expense: $7,200.00
  • Maintenance Expense: $6,000.00
  • Net Operating Income: $193,740.00
  • Operating Expense: $102,660.00
  • Professional Management Expense: $9,000.00

Property History for 18202 Cave Creek Road, Unit 17S

DateEvent & SourcePriceAppreciation
Jun 13, 2025

Price Change

ARMLS #6770068

$2,500,000—
Jan 27, 2025

Price Change

ARMLS #6770068

$2,800,000—
Oct 9, 2024

Listed (Active)

ARMLS #6770068

$3,040,000—
DateEvent & SourcePrice
06/13/2025

Price Change

ARMLS #6770068

$2,500,000
01/27/2025

Price Change

ARMLS #6770068

$2,800,000
10/09/2024

Listed (Active)

ARMLS #6770068

$3,040,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 18202 Cave Creek Road, Unit 17S

This home is within Paradise Valley Unified District.
Rating
School
Type
Grades
Distance
Echo Mountain Primary School
Public - PK to 3
Echo Mountain Intermediate School
Public - 4 to 6
Greenway Middle School
Public - 7 to 8
North Canyon High School
Public - 8 to 12
Rating
School
Distance
Echo Mountain Primary School
PublicPK to 3

Echo Mountain Intermediate School
Public4 to 6

Greenway Middle School
Public7 to 8

North Canyon High School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 18202 Cave Creek Road, Unit 17S, Phoenix, AZ 85032

18202 Cave Creek Road, Unit 17S is a multi-family home for sale in Phoenix, AZ 85032. This property was listed for sale on October 9, 2024 by Coldwell Banker Realty, it's currently listed at $2,500,000. This listing's school district is Paradise Valley Unified District. Nearby schools include Echo Mountain Primary School, Echo Mountain Intermediate School and Greenway Middle School. 18202 Cave Creek Road, Unit 17S is a 0-bed, 0-bath, multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2025 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.