18 Condos in a newly renovated, gated community in Phoenix, for just $1,495,000 ($83,000 per condo). 18 Individual Titled Condominiums, Private Balconies, New Roof in 2015, Granite Kitchen Countertops, Stainless Appliances (Fridge, Dishwasher, Oven, Garbage Disposal, Hood Fan), Washer & Dryer in the units, Individually Metered Electricity for each unit, Gated Community, Pool / Hot Tub. There could be a huge upside as these units were selling for up to $142,000 per unit in 2007 and a proposed new development next door (projected sell price $180,000+ per unit according to developer); Actual CAP is 7%.