Homes for sale - 2014 W BERRIDGE Lane, Phoenix, AZ 85015

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Mike Zahn

REAL Broker

mikezahn.az@gmail.com +1(602) 574-6400

$ 5,400,000

Est. payment | -/mo

Save

$ 5,400,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Park Maryland Amd

MLS Listing ID 6688318

Maintenance Fees $5,400

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1961

Annual Tax Amount $7,188

Tax Year 2023

Lot Dimensions 130' x 215'

Property Description

Signature 18, a fully occupied gated complex in Phoenix, offers a stellar investment with a 6.15% cap rate and a net operating income of $354,339. Located near Abrazo Hospital, Christown Spectrum Mall, and transit, it blends city access with quiet living. Recent capital improvements have boosted aesthetics, efficiency, and security, including desert landscaping to cut water costs, repaved parking, and refreshed exteriors. Security upgrades feature LED motion lights and cameras, alongside modern gate locks. Units are enhanced with stainless steel appliances and new roof sealing, plus a swimming pool pump upgrade. A new dog run adds to the community vibe. This turn-key property ensures immediate income and potential for appreciation, making it an outstanding choice for Phoenix investors.

Location

State AZ

County Maricopa

Community Park Maryland Amd

Zoning R-4

Direction I17, exit at Camelback Road. Head west on Camelback Road until you reach 19th Avenue. Take a right onto 19th Avenue and proceed north for about half a mile. Then, take a left onto W. Berridge Lane.

Interior

Heating Individual, Electric

Cooling Individual, Electric

Flooring Vinyl

Appliance F/S Oven/Range, Microwave, Washer/Dryer

Exterior

Parking Features 1 Space/Unit

Community Features Clubhouse, Manager Res/Office, Pool

Roof Type Built-Up

Total Parking Spaces 19

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 156-13-086-A

Acceptable Financing No Carry, Conventional, 1031 Exchange

Listing Terms No Carry, Conventional, 1031 Exchange

Listed by HomeSmart

2014 W BERRIDGE Lane Phoenix, AZ 85015