38259 N JACQUELINE Drive, 5, Cave Creek, AZ 85331
$840,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$840,000
List Date:
1/01/2024
Last Modified:
5/14/2025
Description
Here is your chance to own a piece of Cave Creek! Located close to everything this 4-Plex is sure to be a rare find. Over the last 20 years, the units have had updated so it is not a 1963 original property. This property is a great option for an owner occupied investment property with one unit vacant and it even has a garage! Currently 3 units are occupied on month to month leases. One unit is vacant. The timing is right to take advantage of this great opportunity. With an open unit you can do what you would like with the property! Located in the heart of Cave Creek with no HOA, the possibilities are endless for this property. Unit #5 will need updates as that was last updated 20 years ago. Current rents are below market rent and are now scheduled to increase to meet market rent.
More Information MLS# 6641765
Contract Info
Current Price: $840,000
Sold Price: $840,000
Status: Closed
List Date: 2023-12-18
Ownership: Fee Simple
Location Tax Legal
House Number: 38259
Compass: N
Street Name: JACQUELINE
St Suffix: Drive
City/Town Code: Cave Creek
State/Province: AZ
Zip Code: 85331
Zip4: 9500
Country: US
County Code: Maricopa
Subdivision: CAVE CREEK VISTA
Assessor Number: 211-08-003-C
Tax Year: 2023
General Property Description
Lot Size Dimensions: Approximate 131x159x131x160
Year Built: 1963
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 1
Zoning: [MR] MULTI-FAMI
Flood Zone: No
Elementary School District: Cave Creek Unified District
High School District: Cave Creek Unified District
Remarks Misc
Cross Street: Jacquline and Cave Creek Rd
Directions: Follow GPS, you can either park in the lot at the south end of the building or the long driveway in front of unit 8 (look for the garage)
Geo Lat: 33.833611
Geo Lon: -111.948905
Status Change Info
Status Change Date: 2024-02-13
Off Market Date: 2024-01-25
Under Contract Date: 2024-01-25
Close of Escrow Date: 2024-02-12
Sold Price: $840,000
Legal Info
Township: 6N
Range: 4E
Section: 28
Lot Number: 3
Income Expenses
Gross Annual Sch Inc: 59300
Net Operating Income: 39705
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 900
Avg SqFt: 73806
# Baths: 1
Contact Info
List Agent Cell Phn2: 480-390-7465
Sold Info
Loan Type: VA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Seller Paid - S
Buyer Concession $/%: $
Seller Concession to Buyer: 3
Seller Concession $/%: %
Property Features
Project Type: Four Plex
Construction: Other
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Separate Storage
Interior Amenities: Partially Furnished; Drapes
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Washer/Dryer
Cooling: Ceiling Fan(s); 2 or More Units
Water Source: Private
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Garage; On Street; 1 Space/Unit; >1 Space Per Unit; Add'l Parking Avail; Free
Owner Pays: Water; Gas; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: Combo
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; Conventional; 1031 Exchange
Environmental: None
Listing Office: eXp Realty
Last Updated: May - 14 - 2025
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