Mountain Springs Terrace Condominium Homes with 1 Space/Unit Parking Features

Welcome to Mountain Springs Terrace Condominium, a hidden gem nestled in the vibrant city of Phoenix, Arizona. This charming subdivision offers a perfect blend of city convenience and serene living, making it an ideal choice for those seeking a comfortable and stylish home in the heart of Maricopa County.

Mountain Springs Terrace boasts a collection of beautifully designed condominiums, each exuding warmth and modern elegance. With a variety of floor plans available, these residences cater to diverse lifestyles, from young professionals to small families. One of the standout features of these homes is the dedicated parking space, providing residents with the convenience of one designated unit parking spot. This thoughtful amenity ensures that you’ll always have a secure and accessible place for your vehicle, a true luxury in a bustling city like Phoenix.

Surrounded by stunning desert landscapes and breathtaking mountain views, Mountain Springs Terrace offers a tranquil retreat from the hustle and bustle of city life. Residents can enjoy the nearby hiking trails, parks, and recreational areas, perfect for outdoor enthusiasts and nature lovers alike. Additionally, the community is conveniently located near shopping centers, restaurants, and entertainment options, ensuring that everything you need is just a short drive away.

Whether you’re looking to invest in your first home or searching for a cozy retreat, Mountain Springs Terrace Condominium promises a lifestyle of comfort, convenience, and community. Come discover your new home in this delightful Phoenix enclave today!

Newest Mountain Springs Terrace Condominium Homes with 1 Space/Unit 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

$2,125,000

29 Beds ⋅ 29 Baths ⋅ 6770068 MLS

17-UNIT VALUE-ADD WORKFORCE HOUSING PORTFOLIO | $2,125,000 | Approx. $125,000 Per Unit. Not every investor is the right buyer for this portfolio and that's exactly the point. This 17-unit workforce housing portfolio consists of individually deeded condominium units within Mountain Springs Terrace and is being offered as a single investment opportunity. The portfolio includes eleven 2-bedroom plus den/2-bath units, five 1-bedroom plus den/1-bath units, and one 3-bedroom/1-bath unit. (The den functions as a bedroom but does not have a window.) Offered at $2,125,000 approximately $125,000 per unit this is a value-add opportunity designed for investors who understand cash flow, operational improvements and long-term appreciation rather than turnkey perfection. The projected income profile offers the type of risk-adjusted return experienced investors often seek in workforce housing assets, recognizing that stronger returns typically accompany opportunities requiring active ownership and thoughtful management. This is an unwarrantable condominium community, making conventional residential financing challenging. The ideal purchaser will be an experienced investor utilizing commercial financing, cash, a 1031 Exchange, private capital, or other investment strategies appropriate for this asset class. Many units have been renovated over time, and every residence includes its own washer and dryer an amenity that continues to attract long-term tenants. The community offers covered parking, a swimming pool, on-site management office, barbecue area, and convenient access to major employment corridors, shopping, Loop 101, SR-51, and public transportation. Investment Highlights: Individually deeded condominium ownership providing long-term ownership flexibility and multiple future exit strategies. Professionally managed HOA. Continued capital improvements and ongoing maintenance demonstrate proactive ownership. Strong demand for workforce housing in an established North Phoenix rental market. Every residence includes an in-unit washer and dryer. Attractive basis at approximately $125,000 per unit. This is not a passive investment. It is a portfolio built for investors who understand Class C workforce housing, recognize value-add opportunities, and appreciate the balance between operational involvement and long-term income potential. 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 17units, Phoenix

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