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 serene oasis nestled in the heart of Phoenix, Arizona. This charming subdivision is a hidden gem in Maricopa County, offering residents a perfect blend of comfort, convenience, and community. With stunning desert landscapes and a warm, inviting atmosphere, Mountain Springs Terrace is ideal for those seeking a tranquil lifestyle without sacrificing urban amenities.

The condominiums in Mountain Springs Terrace are designed with modern living in mind, featuring spacious floor plans that cater to diverse lifestyles. Each home is equipped with paved parking, ensuring that residents enjoy the convenience of easy access to their vehicles while maintaining the pristine aesthetics of the community. No more worrying about finding a parking spot or navigating unpaved surfaces; your car will always have a designated space.

Living in Mountain Springs Terrace means embracing the vibrant spirit of Phoenix. Residents can explore nearby parks, indulge in local dining experiences, and enjoy the rich cultural offerings of the city. With easy access to major highways, commuting to work or venturing out for weekend adventures is a breeze.

Whether you’re a first-time homebuyer, a young professional, or looking to downsize, Mountain Springs Terrace Condominium provides a welcoming environment that feels like home. Experience the charm of this delightful subdivision, where comfort meets convenience in one of Arizona’s most dynamic cities. Discover your new home today and become part of the Mountain Springs Terrace community!

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
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