Mountain Springs Terrace Condominium Homes with Paved Parking Features

Mountain Springs Terrace Condominium Homes with Paved Parking Features

Welcome to Mountain Springs Terrace Condominium, an inviting oasis nestled in the vibrant heart of Phoenix, Arizona. This charming subdivision offers a unique blend of modern living and serene surroundings, making it the perfect place to call home. Located in the picturesque Maricopa County, Mountain Springs Terrace is renowned for its stunning mountain views and lush landscapes, providing residents with a tranquil escape from the hustle and bustle of city life.

The condominiums at Mountain Springs Terrace are designed with comfort and convenience in mind. Each home features paved parking, ensuring that you have a dedicated space for your vehicle, a rare find in many urban settings. This thoughtful amenity not only enhances the overall appeal of the community but also adds an extra layer of ease to your daily routine.

As you explore the neighborhood, you’ll discover a wealth of amenities nearby, including shopping centers, dining options, and recreational parks. With easy access to major highways, commuting to downtown Phoenix or other parts of the valley is a breeze. Whether you’re an outdoor enthusiast seeking adventure in the nearby mountains or someone who enjoys the vibrant city life, Mountain Springs Terrace offers the best of both worlds.

Join a community that values comfort, convenience, and camaraderie. Experience the charm of Mountain Springs Terrace Condominium, where your dream home awaits amidst the stunning backdrop of Phoenix’s captivating landscape. Embrace a lifestyle that combines the warmth of community living with the beauty of Arizona’s natural splendor. Welcome home!

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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