- 5 BedBeds
- 4 BathBaths
- 2,816 SqftSqft
- TypeSingle Family
- Active
- MLS# 6947634
Property Description
INCOME DUPLEX ON 1.18 ACRES - CAVE CREEK,5418 E YOLANTHA ST | CAVE CREEK, AZ 85331,Prime income play on ultra-quiet, paved Yolantha St cul-de-sac - multiple sales on same street in past year at $1.1M+3 INCOME STREAMS = $71.6K NOI (5.99% CAP).Casita Lease: $2,500/mo + utils (LTR) OR $3250-$4250/ STR ($25.5K-$30K/yr)Main House FLEX: $3,250/mo LTR ($39K/yr stable) OR $4,250-$6,600/mo STR ($39K-$79K/yr)RV Spot Bonus: $1,200/mo x 4 mos = $4,800/yr (full hookups - Electric, Water & Septic).NO POOL? NO PROBLEM - Private spa + 0.8 mi YMCA Olympic pool = $15K/yr saved vs. pool upkeep.Occupancy: Both units vacant, STR-ready),No HOA!!! Zoning: DR-43 (ADU upside).MAIN HOUSE (~2,000 SF | 3BR/2.5BA):KitchenAid Appliances, Gas Range w/ Double-Oven, Quartz Counters, Double Bar Seating,Gas Fireplace, Paver Deck with Viking Spa, Covered Patio, Black Mountain Views,Master w/ Glass Shower, Qalk-in Closet w/ In-Unit Laundry.Upstairs: 2 more BR + full bath (shower/tub).CASITA (~816 SF | 2BR/1BA):Full kitchen (SS, double sided sink, range, island cart),Electric fireplace, HDTV, W/D in-unit,Private covered patio + BBQ. Submetered electric.RV HOOKUP:Full Hookups! Water/Septic/30amp Electric;$4,800/yr seasonal income (Oct-Apr).UTILITIES:City Water: No well risk -- reliable supply!New septic (2020): No sewer~$600/yr saved,New A/Cs (2023), New windows/doors, Electric sub-meter,Driveway gate (2023),Privacy Fencing,Registered STR + LTR permits (no rental restrictions!)LOCATION:0.8 mi YMCA (Olympic pool); 1 mi Sprouts, Walmart, ALDI (2026); 3 mi Cave Creek Strip, Golf Resorts;~10 mi Mayo Clinic.NEARBY COMPS:5408 E Yolantha: $1.1M, sold Jul 2025;5431 E Olesen: $1.1M, sold Nov 2025;5438 E Yolantha: $1.8M, sold Jan 2025. This offering = same lot size + $71K+ NOI!