7440 E CAVE CREEK Road, Carefree, AZ 85377
$2,495,000
Property Type:
Multiple Dwellings
Status:
UCB (Under Contract-Backups)
Current Price:
$2,495,000
List Date:
3/24/2025
Last Modified:
6/19/2025
Description
Nestled in the tranquil heart of Carefree, this beautifully renovated multifamily property offers 8 distinct units, each thoughtfully restored to blend vintage character with modern conveniences. Every inch of the property has been updated with attention to detail, featuring brand-new custom kitchens with ample storage, new custom bathrooms, vinyl plank flooring, new windows, and new fans and fixtures. Each unit is equipped with new in-unit washer/dryers, updated HVAC systems, new hot water heaters, ensuring comfort and convenience throughout.Residents can enjoy new outdoor amenities, including a sparkling pool and putting green. The property comprises four spacious 2-bedroom/1-bath units and four 1-bedroom/1-bath units, offering a variety of living options.
More Information MLS# 6839986
Contract Info
Current Price: $2,495,000
List Price: $2,495,000
Status: UCB (Under Contract-Backups)
List Date: 2025-03-20
Ownership: Fee Simple
Location Tax Legal
House Number: 7440
Compass: E
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Carefree
State/Province: AZ
Zip Code: 85377
Zip4: 4216
County Code: Maricopa
Subdivision: CAREFREE TOO
Assessor Number: 216-83-316-C
Tax Year: 2024
General Property Description
Lot Size Dimensions: 32,352 sq ft.
Year Built: 1963
Uncvrd Parking Spcs: 9
Total # of Units: 8
# of Buildings: 2
Zoning: Multi-Family
Elementary School District: Cave Creek Unified District
High School District: Cave Creek Unified District
Remarks Misc
Cross Street: Cave Creek Road & N Tom Darlington Drive
Directions: North on Tom Darlington to Cave Creek road. east to Elbow Bend. Lot is on the NWC of Cave Creek & Elbow Bend.
Geo Lat: 33.823777
Geo Lon: -111.918924
Legal Info
Lot Number: 321
Income Expenses
Gross Annual Sch Inc: 189180
Net Operating Income: 156936.52
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1742
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 2225
Avg SqFt: 800
# Baths: 1
Property Features
Project Type: Four Plex; 5 - 12 Units
Construction: Brick
Const - Finish: Painted; Brick Veneer
Roofing: Rolled
Floors: Vinyl
Sale Includes: Land & Building; Pool Equipment
Payment Includes: Taxes
Community Features: Pool; Barbecue; Other
Exterior Amenities: Desert Landscaping
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: 1 Space/Unit; Free; Paved
Owner Pays: Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Water; Electricity; Cable TV
Source of Fincl Data: Owner
Special: Accept Backups (CLO)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
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 Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Silverleaf Realty
Last Updated: June - 19 - 2025
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