18202 Cave Creek Road 17units, Phoenix, AZ, 85032
About This Home
This property presents a compelling investment opportunity with its attractive unit mix, desirable location, and potential for additional income through owner-operated facilities. It is a well-positioned, income-generating asset. There are opportunities to even increase current rental income for further value. This property is a prudent choice for investors looking to expand, diversify or start their portfolio. It offers a stable and reliable income stream. The property is 100% occupied and all units were remodeled. There are five-2 beds/1-bath, one-3 beds/1 bath, and eleven-3 beds /2 bath units. All are equipped with their own washer/dryer. The property is located in a Prime location with nearby amenities and great transportation access. Some bedroom counts includes a den (2 beds = 1 bedroom + den and 3 beds = 2 bedrooms + den). The den can function as a bedroom but doesn't have a window.
Getting Around
Car-Dependent
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1983
Materials
- Roof: Built-Up
- Construction materials: Wood Frame,Painted,Stucco
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Built-In Range,Dishwasher,Refrigerator,Microwave,Washer/Dryer
Bedrooms & Bathrooms
- Bedrooms: 26
- Bathrooms: 24
Features
- Flooring: Vinyl
Heating & Cooling
- Heating features: Individual,Electric
- Cooling features: Central Air,Ceiling Fan(s),Electric
Interior Area
- Total structure area: 14,212
- Total interior livable area: 14,212 sqft
Property
Details
- Parcel number: 21407044
- Zoning: R5
Features
- Private pool: Yes
Lot
- Lot size dimensions: unknown
Parking
- Total spaces: 17
- Parking features: Other,>1 Space Per Unit,1 Space/Unit,Carport
- Covered spaces: 17
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Maricopa County and Arizona
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,745 | $128,940 |
| Home Insurance | $552 | $6,624 |
| Property Taxes | $779 | $9,348 |
| Electricity | $1,505 | $18,060 |
| Total | $13,581 | $162,972 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-10 | Price change | $2,380,000 |
| 2025-06-14 | Price change | $2,500,000 |
| 2025-01-27 | Price change | $2,800,000 |
| 2024-10-11 | Listed for sale | $3,040,000 |
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