Properties
Phoenix, AZ 85015 2014 W BERRIDGE Lane
$5,760,000
47 more
Presented By: HomeSmart; 602-230-7600
Home Details
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.
Presented By: HomeSmart; 602-230-7600
Interior Features for 2014 W BERRIDGE Lane
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Electric On Property Y/NNo
FlooringVinyl
Heating Y/NYes
Street SuffixLane
General for 2014 W BERRIDGE Lane
Additional Parcels Y/NNo
Attached Garage No
Buyer Agent Compensation1.75
Buyer Agent Compensation Type%
Cap Rate6.35
Carport Y/NNo
CityPhoenix
Community FeaturesClubhouse, Manager Res/Office, Pool
Construction MaterialsBrick Veneer, Painted, Stucco, Stone, Block
CoolingIndividual, Electric
CountyMaricopa
Days on Market37
DirectionsI17, 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.
DisclosuresNone
ElectricIndividual Meter
Electric Expense1940.0
Elementary School DistrictWashington Elementary District
Fuel Expense0.0
Garage Y/NNo
Gross Income402068.88
HeatingIndividual, Electric
High School DistrictGlendale Union High School District
Insurance Expense5409.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet0.0
MaintenanceExpense5400.0
MobileHomeRemainsYNNo
Net Operating Income365695.0
New_sp_Financing_co_Conventional5True
Open Parking Spaces1.0
Operating Expense48810.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
Percent OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofBuilt-Up
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Street NameBERRIDGE
Subdivision NamePARK MARYLAND AMD
Tax Annual Amount7188.0
Tax Lot10
Tax Year2023
Tenant PaysElectricity
Total Units18
Township2N
Trash Expense1626.0
View Y/NNo
Water Sewer Expense11479.0
Year Built1961
ZoningR-4
Exterior for 2014 W BERRIDGE Lane
Covered Spaces18.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions130' x 215'
Lot Size Acres0.0
Lot Size Area0.0
Number of Buildings1
Open Parking Y/NNo
Parking Features1 Space/Unit
Road Surface TypeAsphalt
SpaNo
Total Parking19.0
Water SourceCity Franchise
Additional Details
Price History
