38405 N Jacqueline Drive 1-4, Cave Creek, AZ 85331

$900,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $900,000 Last Modified: 11/26/2025

Description

Welcome to Cave Creek Vista, a charming and quiet apartment community offering comfort and convenience in a cozy setting. With just a handful of well-maintained units, it provides for a peaceful, neighborly atmosphere while being within walking distance to the center of Cave Creek . Enjoy modern amenities, dedicated parking, and on-site laundry—all designed to make everyday living easy. All units are two bedroom with one full bath and fully equipped kitchen. All tenants are on month-to-month leases and the current rents are under market.

More Information MLS# 6859293

Contract Info

Ownership: Fee Simple Current Price: $900,000 Sold Price: $900,000 Status: Closed List Date: 2025-04-21

Location, Tax & Legal

Unit #: 1-4 Assessor's Map #: 8 Assessor's Parcel #: 3 Add'l Parcels: No Tax Municipality: Cave Creek Taxes: 783 Legal: Cave Creek Vista MCR56-7 Lot 3 Ex N 162.74F TH/O Also N2 Aband Rd LY SLY & Adj To SLY Bndry SO LC Aband P/D 15942-217 Marketing Name: Cave Creek Vista House Number: 38405 Compass: N Street Name: Jacqueline St Suffix: Drive City/Town Code: Cave Creek State/Province: AZ Zip Code: 85331 County Code: Maricopa Assessor Number: 211-08-003 Tax Year: 2024

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 10 Lot Size Dimensions: Irregular Flood Zone: No Total # of Units: 4 Year Built: 1963 Zoning: TCC

Legal Info

Cnty Rcrd Bk & Pg #: 56-7 Lot Number: 3

Project Type

Four Plex: 1

Construction

Block: 1

Const - Finish

Painted: 1

Roofing

Foam: 1

Floors

Wood: 1 Ceramic Tile: 1

Sale Includes

Land & Building: 1 Laundry Equipment: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 783 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 52440

Pmt & Rate Info

Cap Rate: 4.35 Equity: 1100000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 Electric: 1 Heat Pump: 1

Tenant Pays

Gas: 1 Electricity: 1 Cable TV: 1

Appliances Included

Built-In Electric Oven: 1 Dishwasher: 1 Disposal: 1 Refrigerator: 1 Built-In Range: 1

Road Surface Type

Treated: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1 Sewer-In & Connected: 1

Parking Features

>1 Space Per Unit: 1

Electric

APS: 1

Gas

SW Gas: 1 Individual Meter: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1

New Financing

Cash: 1 Conventional: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 1475 Avg SqFt: 783 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Conventional Loan Years: 30 Closing Cost Split: Normal - N Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: % Seller Concession to Buyer: 0 Seller Concession $/%: %

Remarks Misc

Directions: Cave Creek Rd & Schoo, House, West to Jacqueline then N to 1st building on right Geo Lat: 33.833196 Geo Lon: -111.948895

Status Change Info

Off Market Date: 2025-11-02 Under Contract Date: 2025-09-17 Close of Escrow Date: 2025-11-25 Sold Price: $900,000

Income Expenses

Gross Annual Sch Inc: 55200 Net Operating Income: 47817

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Foam Floors: Wood; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Dishwasher; Disposal Cooling: Ceiling Fan(s); Electric; Heat Pump; Central Air Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: APS Gas: SW Gas; Individual Meter Parking Features: >1 Space Per Unit Road Surface Type: Treated Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None
Listing Office: AZ Brokerage Holdings, LLC
IDX
Last Updated: November - 26 - 2025
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