Properties
Phoenix, AZ 85015 2014 W BERRIDGE Lane
$4,750,000
18 more
Presented By: HomeSmart; 602-230-7600
Home Details
Introducing Signature 18, a gated community in the heart of Phoenix, offering a 6.67% ACTUAL cap rate and NOI of $316,684. 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.
Presented By: HomeSmart; 602-230-7600
Interior Features for 2014 W BERRIDGE Lane
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringVinyl
Heating Y/NYes
General for 2014 W BERRIDGE Lane
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.26
Carport Y/NNo
CityPhoenix
Community FeaturesPool
Construction MaterialsStucco, Block
CoolingCentral Air
CountyMaricopa
DirectionsFrom I-17, exit at Bethany Home Rd and head east. Turn south on 21st Ave, then east on Berridge Ln. Property is on the north side of the street.
DisclosuresNone
ElectricIndividual Meter
Garage Y/NNo
Gross Income342190.0
HeatingCentral
High School DistrictGlendale Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income297317.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total18
Open Parking Spaces20.0
Operating Expense50189.0
OwnerPaysPool Maintenance, Trash Collection, Water, Sewer, Cable TV, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NamePARK MARYLAND AMD
Tax Annual Amount7322.0
Tax Lot10
Tax Year2024
Township2N
Year Built1961
ZoningR-4
Exterior for 2014 W BERRIDGE Lane
Covered Spaces19.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions100x270
Number of Buildings3
Parking FeaturesDetached Carport, >1 Space Per Unit, 1 Space/Unit, On Street
Road Surface TypeAsphalt
SpaNo
Total Parking39.0
Water SourceCity Franchise
Additional Details
Price History
