Mountain Springs Terrace Condominium Real Estate

Welcome to Mountain Springs Terrace Condominium, a hidden gem nestled in the vibrant heart of Phoenix, Arizona. This stunning subdivision offers a perfect blend of modern living and serene landscapes, making it an ideal choice for those seeking both comfort and convenience.

Mountain Springs Terrace boasts a variety of beautifully designed condominiums that cater to diverse lifestyles. Each unit is thoughtfully crafted with contemporary finishes, spacious layouts, and abundant natural light, providing residents with a warm and inviting atmosphere. Whether you’re a first-time homebuyer, a busy professional, or looking to downsize, you’ll find a home that suits your needs perfectly.

Surrounded by the breathtaking beauty of Arizona's desert landscape, the community offers an array of amenities designed to enhance your living experience. Take a refreshing dip in the sparkling swimming pool, unwind in the lushly landscaped courtyards, or enjoy a leisurely stroll along the picturesque walking paths. With a strong sense of community, residents often gather for social events, fostering friendships and a welcoming environment.

Conveniently located in Maricopa County, Mountain Springs Terrace is just minutes away from Phoenix's thriving downtown area, where you can explore a wealth of dining, shopping, and entertainment options. The nearby mountains provide ample opportunities for outdoor adventures, from hiking and biking to breathtaking views and stunning sunsets.

Experience the best of Arizona living at Mountain Springs Terrace Condominium, where you can enjoy a vibrant lifestyle while feeling right at home. Come and discover your perfect sanctuary in the heart of Phoenix!

Newest Listings in Mountain Springs Terrace Condominium

$116,000

1 Beds ⋅ 1 Baths ⋅ 7039953 MLS ⋅ ACTIVE Status ⋅ 85032 Zip Code ⋅ 608 SqFt.

Move-in ready condo at Mountain Springs! Enjoy living in a highly desirable North Phoenix location, close to parks, schools, restaurants, and with easy access to Hwy 101 and 51 freeways. Step inside this inviting second-level unit to discover an open, flowing layout enhanced by tile flooring and neutral paint. The kitchen features easy lighting, abundant wood cabinetry, ample counter space, and built-in appliances. The spacious bedroom offers a convenient closet, while the full bathroom provides everyday comfort. The community includes 1 assigned carport parking. Simply pack your bags and make this condo your new home!

18202 N Cave Creek Road Nw Unit 224, Phoenix

$115,000

1 Beds ⋅ 1 Baths ⋅ 7016305 MLS ⋅ ACTIVE Status ⋅ 85032 Zip Code ⋅ 608 SqFt.

1 bed / 1 bath condo. Great investment property for investors. Close to 101/FRWY AND SR 51. Minutes from Desert ridge Market Place. This complex offers amenities like a pool, Lush Landscaping, Close to shopping and dining. Tenant in place. Current rent $1050/mo. with room to raise rent. month to month lease.

18202 N Cave Creek Road Unit 206, Phoenix

$95,000

1 Beds ⋅ 1 Baths ⋅ 7016296 MLS ⋅ ACTIVE Status ⋅ 0.01 Acres ⋅ 85032 Zip Code ⋅ 608 SqFt.

1 bed / 1 bath condo. Great investment property for investors. Close to 101/FRWY AND SR 51 Minutes from Desert ridge Market Place This complex offers amenities like a pool, Lush Landscaping. Close to shopping and dining. Tenant in place. Current rent $1050/mo. with room to raise rent. month to month lease.

18202 N Cave Creek Road Unit 106, Phoenix

$125,000

2 Beds ⋅ 1 Baths ⋅ 7016285 MLS ⋅ ACTIVE Status ⋅ 85032 Zip Code ⋅ 836 SqFt.

2 bed / 1 bath condo. Great investment property for investors. Close to 101/FRWY AND SR 51 Minutes from Desert ridge Market Place This complex offers amenities like a pool, Lush Landscaping. Close to shopping and dining. Tenant in place. Current rent $1200/mo. with room to raise rent. month to month lease.

18202 N Cave Creek Road Unit 240, Phoenix

$125,000

2 Beds ⋅ 1 Baths ⋅ 7016269 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85032 Zip Code ⋅ 836 SqFt.

Remodeled 2 bed / 1 bath condo. Great investment property for investors. Close to 101/FRWY AND SR 51 Minutes from Desert ridge Market Place This complex offers amenities like a pool, Lush Landscaping. close to shopping and dining. Tenant in place. Current rent $1075/mo with room to raise rent. month to month lease.

18202 N Cave Creek Road Unit 216, Phoenix

$178,000

2 Beds ⋅ 2 Baths ⋅ 6921798 MLS ⋅ ACTIVE Status ⋅ 85032 Zip Code ⋅ 836 SqFt.

Come and meet your future home! Owner has taken great care and has remodeled the whole place, new cabinets, new marble countertops, new paint and new fixtures! No carpet, just flooring throughout home. Move in ready! Washer, dryer and refrigerator are included. Community has a laundry area, a community pool, and a community center ready for you to celebrate those important dates. BONUS! Electric fireplace just in time for fall/winter seasons!

18202 N Cave Creek Road Unit 245, Phoenix

$625,000

5 Beds ⋅ 5 Baths ⋅ 6770097 MLS ⋅ ACTIVE Status ⋅ 85032 Zip Code

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 ⋅ ACTIVE Status ⋅ 85032 Zip Code

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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