Mountain Springs Terrace Condominium Homes under $900,000

Mountain Springs Terrace Condominium Homes under $900,000

Welcome to Mountain Springs Terrace Condominium, a hidden gem nestled in the vibrant heart of Phoenix, Arizona. This enchanting subdivision offers an ideal blend of comfort, style, and accessibility, making it the perfect place to call home. With a variety of homes priced under $900,000, Mountain Springs Terrace caters to a diverse range of buyers, from first-time homeowners to those seeking a serene retreat in the bustling city.

Each condominium in Mountain Springs Terrace is designed with modern living in mind, featuring open floor plans, spacious living areas, and contemporary finishes. Residents can enjoy the lush landscaping and well-maintained common areas that create a welcoming atmosphere. With amenities such as a sparkling swimming pool, fitness center, and community gathering spaces, this subdivision fosters a sense of community and encourages an active lifestyle.

Located in Maricopa County, Mountain Springs Terrace is perfectly situated for easy access to all that Phoenix has to offer. Enjoy the nearby shopping, dining, and entertainment options, or take advantage of the beautiful Arizona weather with outdoor activities in the surrounding parks and recreational areas. The subdivision is also conveniently located near major highways, making commuting a breeze.

Whether you're looking for a cozy retreat or a vibrant community to grow in, Mountain Springs Terrace Condominium offers the perfect balance of comfort and convenience. Discover your dream home today in this charming Phoenix enclave, where quality living meets affordability!

Newest Mountain Springs Terrace Condominium Homes under $900,000

18202 Cave Creek Road Unit 5 units, Phoenix
$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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