7440 E Cave Creek Rd - Apartments FOR SALE


Carefree, AZ 85377
$2,575,000 USD
312-767-2440
7440 E Cave Creek Rd, Carefree, AZ for Sale
$2,575,000 USD
Apartments - FOR SALE
1/19
null | 6.05% Cap Rate

7440 E Cave Creek Rd
Carefree, AZ 85377


HIGHLIGHTS

  • New Custom Bathrooms
  • New Custom Kitchens
  • New Windows
  • New In-Unit Washer/Dryers
  • New Water Heaters
  • New POOL

OVERVIEW

Nestled in the heart of serene Carefree, Arizona, discover a meticulously refurbished 1960s multifamily sanctuary boasting eight distinct units. Carefully restored to its former glory, this property combines vintage charm with modern amenities, offering a unique living experience in one of Arizona’s most coveted locales. Everything is new, from new custom kitchens with tons of storage, new custom bathrooms, new vinyl plank flooring, new windows, new fans and fixtures, new custom window treatments, new in-unit washer/dryers, new HVAC, new hot water heaters, new pool and putting green. The property consists of four 2-bedroom/1-bath units and four 1-bedroom/1-bath units. Across the street from the Sundial in downtown Carefree. Within walking distance to shops, bars, restaurants, and hotels in the heart of Carefree, Arizona. Close to downtown Cave Creek.

FOR SALE DETAILS

PRICE

$2,575,000 USD

PRICE/SF

$429 USD /SF

# OF UNITS

8

PRICE/UNIT

$321,875

CAP RATE

6.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carefree Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,080 SF

ZONING

M-L

APN/PARCEL ID

216-83-316C

ASK ABOUT THIS PROPERTY

Katie WhelanCA VenturesMore Info
312-767-2440

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Katie WhelanCA VenturesMore Info
312-767-2440

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.