Mountain Springs Terrace Condominium Homes with Paved Parking Features

Welcome to Mountain Springs Terrace Condominium, a hidden gem nestled in the heart of Phoenix, Arizona, within the vibrant Maricopa County. This charming community offers a perfect blend of comfort, convenience, and contemporary living, making it an ideal choice for homebuyers looking for a serene yet accessible lifestyle.

Mountain Springs Terrace is known for its stylish condominiums that boast modern designs and spacious layouts. Each unit is thoughtfully crafted, featuring large windows that invite natural light and provide stunning views of the surrounding mountains. With paved parking available, residents can enjoy the ease of access and security that comes with having a designated spot for their vehicles, a rare find in many urban settings.

The community is surrounded by lush landscaping and offers a range of amenities that promote a relaxed lifestyle. Residents can take advantage of the refreshing swimming pool, well-maintained fitness center, and inviting communal spaces perfect for gatherings and social events. Additionally, the location provides easy access to major highways, shopping centers, and recreational areas, ensuring that everything you need is just a stone's throw away.

Whether you're looking for a place to call home or an investment opportunity, Mountain Springs Terrace Condominium presents an attractive option. With its combination of modern living and a welcoming community atmosphere, it’s the perfect place to start your next chapter in Phoenix. Come and experience the charm of Mountain Springs Terrace—your new home awaits!

Newest Mountain Springs Terrace Condominium Homes with Paved Parking Features

18202 Cave Creek Road Unit 5 units, Phoenix

$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

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