Mountain Springs Terrace Condominium Homes with Paved Parking Features

Welcome to Mountain Springs Terrace Condominium, an inviting oasis nestled in the heart of Phoenix, Arizona, within the vibrant Maricopa County. This charming subdivision offers a unique blend of contemporary living and serene surroundings, making it the perfect place to call home.

Mountain Springs Terrace is designed for those who appreciate both comfort and convenience. Each condominium boasts modern architecture and spacious layouts, ensuring that you have room to breathe and thrive. With beautifully landscaped grounds and a friendly community atmosphere, this subdivision fosters a sense of belonging that is hard to find elsewhere.

One of the standout features of Mountain Springs Terrace is its commitment to providing residents with practical amenities. Each home comes with paved parking, offering you the ease and security of dedicated spaces right outside your door. No more worrying about street parking or navigating tight spaces—enjoy the convenience of coming home to your own designated area.

The location is another highlight, as Mountain Springs Terrace is situated close to a variety of shopping, dining, and recreational options. Whether you're exploring the vibrant downtown Phoenix scene or enjoying the nearby parks and hiking trails, you'll find that adventure is only moments away.

Experience the perfect blend of style, comfort, and convenience at Mountain Springs Terrace Condominium. With its paved parking features and welcoming community, this subdivision is ready to welcome you home. Don’t miss the opportunity to be part of this enchanting neighborhood—your dream home awaits!

Newest Mountain Springs Terrace Condominium Homes with Paved Parking Features

$625,000

5 Beds ⋅ 5 Baths ⋅ 6770097 MLS

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

Start Your Search