Mountain Springs Terrace Condominium Homes with Paved Parking Features

Mountain Springs Terrace Condominium Homes with Paved Parking Features

Welcome to Mountain Springs Terrace Condominium, a hidden gem nestled in the vibrant heart of Phoenix, Arizona. This charming subdivision offers a unique blend of comfort and convenience, perfect for those seeking a serene lifestyle without sacrificing access to the bustling city.

Mountain Springs Terrace is designed for modern living, featuring beautifully appointed condominiums that cater to a variety of lifestyles. Each home is thoughtfully crafted with spacious layouts, contemporary finishes, and abundant natural light, ensuring a warm and inviting atmosphere. One of the standout features of this community is the availability of paved parking, providing residents with easy access and peace of mind. No more worrying about street parking or muddy shoes; here, you can park your vehicle right at your doorstep.

The location of Mountain Springs Terrace is another highlight. Situated in Maricopa County, this subdivision offers proximity to an array of shopping, dining, and entertainment options. Whether you're in the mood for a leisurely stroll in one of the nearby parks or a night out on the town, everything you need is just a stone's throw away.

In addition, residents can enjoy the beautiful Arizona weather year-round, with outdoor spaces perfect for soaking up the sun or hosting gatherings with friends and family. With its charming community vibe and convenient amenities, Mountain Springs Terrace Condominium is not just a place to live; it's a place to thrive. Come discover your new home today!

Newest Mountain Springs Terrace Condominium Homes with Paved Parking Features

$625,000
5 Beds ⋅ 5 Baths ⋅ 6770097 MLS ⋅ 85032 Zip Code
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 condominium community, making conventional residential financing challenging. The ideal purchaser will utilize commercial financing, cash, a 1031 Exchange, private capital, or other investment strategies appropriate for this type of asset. Investment Highlights: Individually deeded condominium ownership allowing future resale flexibility. Professionally managed HOA. Renovated units with in-unit washer and dryer. Strong workforce housing demand in North Phoenix. Covered parking, community pool, on-site management office, barbecue area and convenient freeway access. Attractive entry point at approximately $125,000 per unit. This portfolio offers investors an opportunity to own income-producing real estate with operational upside while maintaining a manageable five-unit footprint. If you're looking for a pristine institutional asset, this isn't it. If you're looking for cash flow, upside, and know how to operate Class C workforce housing, let's talk.

18202 Cave Creek Road Unit 5 units, Phoenix
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