2014 W Berridge Lane Phoenix, AZ 85015
Listing Courtesy of: Arizona Regional MLS / Homesmart

  2014 W Berridge Lane Phoenix, AZ 85015

Active (263 Days)

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.

MLS #:
6688318
Taxes
$7,188
Type
Multifamily
Year Built
1961
County
Maricopa County

Listed By

Collin Corsmeier, Homesmart
Source
Arizona Regional MLS
Last checked Dec 26 2024 at 11:57 AM GMT+0000
Bathroom Details
Heating and Cooling
  • Electric
  • Individual
Flooring
  • Vinyl
Exterior Features
  • Stucco
  • Block
  • Brick Veneer
  • Painted
  • Stone
  • Roof: Built-Up
Utility Information
  • Sewer: Public Sewer
Parking
  • 1 Space/Unit
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Listing Data Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 12/26/24 03:57.