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  • Price$5,760,000
  • Built1961

2014 W Berridge Lane, Phoenix

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.

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Essential Information

  • MLS® #6688318
  • Price$5,760,000
  • Bathrooms0.00
  • Acres0.00
  • Year Built1961
  • TypeMultiple Dwellings
  • StatusActive

Amenities

  • AmenitiesClubhouse, Manager Res/Office, Pool
  • Parking Spaces19
  • Parking1 Space/Unit

Exterior

  • RoofBuilt-Up
  • ConstructionBrick Veneer, Painted, Stucco, Stone, Block

Additional Information

  • ZoningR-4

Community Information

  • Address2014 W Berridge Lane
  • SubdivisionPARK MARYLAND AMD
  • CityPhoenix
  • CountyMaricopa
  • StateAZ
  • Zip Code85015

Interior

  • AppliancesF/S Oven/Range, Microwave, Washer/Dryer
  • HeatingIndividual, Electric
  • CoolingIndividual, Electric

School Information

  • DistrictGlendale Union High School District

Listing Details

  • Listing OfficeHomeSmart
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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 West USA Realty. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on May 12th, 2024 at 11:30pm MST.