Cave Creek Multifamily for Sale - N Phoenix/Cave Creek
**VIDEO TOURS – CLICK TO VIEW**
- Main House (3BR/2.5BA): https://photos.app.goo.gl/zg4AjyB5waK4kqHo9
- Casita (2BR/1BA): https://photos.app.goo.gl/o7qAqMhdaZFL5Rkm9
$1,195,000 – 2,816 SF INCOME TRIPLEX ON 1.18 ACRES – 3 REVENUE STREAMS
5418 E YOLANTHA ST | CAVE CREEK, AZ 85331
Prime income play on ultra-quiet, paved Yolantha St cul-de-sac — same 1.1+ acre lot as $1M pending neighbor (5428 E Yolantha, 5 DOM).
3 INCOME STREAMS = $71.6K NOI (5.99% CAP)
1. Casita Lease: $2,500/mo + utils (thru Nov 2026 – tenant vacates free)
2. Main House FLEX: $3,250/mo LTR ($39K/yr stable) OR $3,250–$6,600/mo STR ($39K–$79K/yr)
3. RV Spot Bonus: $1,200/mo x 4 mos = $4,800/yr (full hookup, Cave Creek permitted residency)
NO POOL? NO PROBLEM – Private spa + 0.8 mi YMCA Olympic pool = $15K/yr saved vs. pool upkeep.
PROPERTY SNAPSHOT
- **Occupancy**: 25% (Casita leased; Main vacant, STR-ready)
- Total SF: 2,816 | Lot: 1.18 acres (No HOA)
- Zoning: DR-43 (ADU/subdivision potential)
MAIN HOUSE (~2,000 SF | 3BR/2.5BA)
- KitchenAid appliances, gas double-oven, quartz counters, bar seating
- Gas fireplace, paver deck, Black Mountain views
- Master w/ glass shower, walk-in closet, W/D hookup
- Upstairs: 2BR + full bath (shower/tub)
- Spa patio off living room
CASITA (~816 SF | 2BR/1BA)
- Full kitchen (SS, gas range, island cart)
- Electric fireplace, HDTV, W/D in-unit
- Private patio + yard
RV HOOKUP (West Side)
- Full water/septic/30amp electric
- $4,800/yr seasonal income (Oct–Apr)
INFRASTRUCTURE
- - **City water (1 meter)**: No well risk — reliable supply
- **Private septic (2020)**: No sewer fees (~$600/yr saved)
- New septic (2020), A/Cs (2023), windows/doors, sub-meter
- Driveway gate (2023)
- Registered STR + LTR permits (no rental restrictions)
LOCATION GOLD
- 0.8 mi YMCA (Olympic pool)
- Less than 1 mi Sprouts, Walmart, ALDI (2026)
- Less than 3 mi Cave Creek Strip, golf resorts
- ~10 mi Mayo Clinic
COMPS
- 5428 E Yolantha: $1M list, pending 5 DOM (1.1 ac, SFH only)
- This offering = same lot size + $71K+ NOI
TERMS
- As-Is | 15-day inspection | 30–45 day close
COMPENSATION
- Buyer's Agent Co-op: 2.5% (full)
- Direct Buyers: 0% procurement fee — close via AZ attorney/title ($1K–$2K)
- Owner is a licensed California real estate broker (DRE #01927330) and is selling property as owner, not as agent. Owner cannot represent buyers. Direct buyers close via Arizona attorney/title company. Buyer to verify all information.
Data Room: Pro forma, lease, permits, staging renders
