5418 E Yolantha St - Apartments FOR SALE


Cave Creek, AZ 85331
$1,195,000 USD
323-316-4054
5418 E Yolantha St, Cave Creek, AZ for Sale
$1,195,000 USD
Apartments - FOR SALE
1/21
null | 5.99% Cap Rate

5418 E Yolantha St
Cave Creek, AZ 85331


HIGHLIGHTS

  • PRIME CAVE CREEK LOCATION – 0.8 mi YMCA, Sprouts, Walmart | 5 min Cave Creek Strip | ~10 mi Mayo Clinic
  • 1.18 ACRES + BLACK MOUNTAIN VIEWS – Fenced, gated, desert landscaping, spa patio, RV hookup
  • 3 INCOME STREAMS: $30K/yr Casita (thru Nov 2026 - vacate free) + $39K/yr Main (STR or LTR) + $4,800/yr RV

OVERVIEW

**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

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$424 USD /SF

# OF UNITS

2

PRICE/UNIT

$597,500

CAP RATE

5.99%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

DR-43

APN/PARCEL ID

211-46-030D

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323-316-4054

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Stephanie JorglStephanie JorglMore Info
323-316-4054

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