2014 W BERRIDGE Lane Active Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85015
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
Garage 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
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 156-13-086-A
Acceptable Financing No Carry,Conventional,1031 Exchange
Listing Terms No Carry,Conventional,1031 Exchange