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2014 W Berridge Lane

Phoenix, AZ 85015
  • $4,770,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 6946527
UPDATED: 24 min ago
$4,770,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
County:
Area:

School Ratings & Info

Description

Introducing Signature 18, a gated community in the heart of Phoenix, offering a 6.23% proforma cap rate and projected NOI of $300,000. Located near Abrazo Hospital, Christown Spectrum Mall, and major transit, the property blends urban access with a quiet, private setting. Recent improvements include desert landscaping, repaved parking, refreshed exterior paint, LED motion lighting, upgraded security cameras, modern gate locks, new stainless appliances, in-unit washers/dryers, roof resealing, and upgraded pool equipment. A new dog run enhances resident appeal, making this a true turn-key investment with strong cash flow and long-term efficiency.

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Arizona Regional MLS logo© 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Compass Real Estate. Data last updated 2025-12-05T10:13:10.527.
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2014 W Berridge Lane Phoenix, AZ 85015

  • Price: $4,770,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 24 min ago
  • MLS #: 6946527
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1961
Built
Neighborhood:
Park Maryland Amd
County:
Maricopa
Area:
Phoenix
Property Description
Introducing Signature 18, a gated community in the heart of Phoenix, offering a 6.23% proforma cap rate and projected NOI of $300,000. Located near Abrazo Hospital, Christown Spectrum Mall, and major transit, the property blends urban access with a quiet, private setting. Recent improvements include desert landscaping, repaved parking, refreshed exterior paint, LED motion lighting, upgraded security cameras, modern gate locks, new stainless appliances, in-unit washers/dryers, roof resealing, and upgraded pool equipment. A new dog run enhances resident appeal, making this a true turn-key investment with strong cash flow and long-term efficiency.
Exterior Features

Attached Garage YN No Construction Materials StuccoBlock Covered Spaces 19 Open Parking Spaces 20 Parking Features >1 Space Per Unit1 Space/UnitOn Street Roof Composition

Interior Features

Appliances Included Washer Dryer Yes BIOven Range Yes Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Interior Features [] WDHookup Yes

Property Features

Community Features Pool Disclosures None Flooring Vinyl Gross Income 342190 Listing Terms CTLConventional Owner Pays Pool MaintenanceTrash CollectionWaterSewerCable TVLandscaping Ownership Fee Simple Sewer Public Sewer Tax Annual Amount 7322 Tax Year 2024 Water Source City Franchise Zoning R-4

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Arizona Regional MLS logo© 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Compass Real Estate. Data last updated 2025-12-05T10:13:10.527.
 
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Compass Real Estate
4222 N Marshall Way, Suite A
Scottsdale AZ, 85251