- $5.8M Price
2014 W Berridge Lane
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.
Essential Information
- MLS® #6688318
- Price$5,760,000
- Bathrooms0.00
- Acres0.00
- Year Built1961
- TypeMultiple Dwellings
- StatusActive
Community Information
- Address2014 W Berridge Lane
- SubdivisionPARK MARYLAND AMD
- CityPhoenix
- CountyMaricopa
- StateAZ
- Zip Code85015
Amenities
- Parking Spaces19
- Parking1 Space/Unit
Amenities
Clubhouse, Manager Res/Office, Pool
Interior
- HeatingIndividual, Electric
- CoolingIndividual, Electric
Appliances
F/S Oven/Range, Microwave, Washer/Dryer
Exterior
- RoofBuilt-Up
Construction
Brick Veneer, Painted, Stucco, Stone, Block
School Information
District
Glendale Union High School District
Additional Information
- ZoningR-4
Listing Details
- OfficeHomeSmart
HomeSmart.
Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on April 30th, 2024 at 1:00am MST.