MOUNTAIN SPRINGS TERRACE CONDOMINIUM
Property • Residential Lease
Web ID # 6923526
$1,295.00
1 Beds • 1 Baths
Property Features
Arizona Regional Multiple Listing Service (ARMLS)
Two ground-level 2BR/1BA condos available now - units 111 (MLS #6923503) and 157 (this listing). Both units are vacant, freshly cleaned, and move-in ready with all appliances, including washer/dryer. Excellent central location between the 101 and 51, with easy access to major bus routes, shopping, dining, and employment corridors.
Lease Options: $1,295/month on 12-month lease OR $1,325/month on 6-month lease. Additional $50/month per approved pet (limit per HOA rules.
Deposits & Fees: $950 security deposit/cleaning deposit, $300 pet deposit (non-refundable), and $150 application fee (non-refundable).
Tenant Responsible For: electricity, water, internet, and cable. Community Features: 1 Assigned covered parking space and community pool.
Seller Carry / Purchase Option: In addition to leasing, the Seller is offering a possible Owner Carry purchase option.
Purchase Price: $140,000 per unit
Terms (example framework you can offer):
- Minimum down payment: $28,000 (20%)
- Interest rate: 7.5% fixed
- Amortization: 30 years, with 5-year balloon
- Monthly principal & interest: approx. $785
- Buyer pays taxes, insurance, HOA dues, and utilities
Owner-occupant buyers only (no investors under seller carry)
(Terms negotiable, subject to seller approval. Cash purchase option also available.)
South on Cave Creek to Michigan Ave. Complex will be on the right.
Dwelling Type: Residential Lease
Subdivision: MOUNTAIN SPRINGS TERRACE CONDOMINIUM
Year Built: 1983, County: N/A
South on Cave Creek to Michigan Ave. Complex will be on the right.
Listing is courtesy of Coldwell Banker Realty
