2014 W BERRIDGE Lane, Phoenix, AZ 85015
$4,750,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$4,750,000
List Date:
11/17/2025
Last Modified:
4/02/2026
Description
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.
More Information MLS# 6946527
Contract Info
Current Price: $4,750,000
List Price: $4,750,000
Status: Active
List Date: 2025-11-12
Ownership: Fee Simple
Location Tax Legal
House Number: 2014
Compass: W
Street Name: BERRIDGE
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 2141
County Code: Maricopa
Subdivision: PARK MARYLAND AMD
Assessor Number: 156-13-086-A
Tax Year: 2024
General Property Description
Lot Size Dimensions: 100x270
Year Built: 1961
Uncvrd Parking Spcs: 20
Total # of Units: 18
# of Buildings: 3
Zoning: R-4
High School District: Glendale Union High School District
Remarks Misc
Cross Street: N 19th Avenue
Directions: From 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.
Geo Lat: 33.526676
Geo Lon: -112.102362
Legal Info
Township: 2N
Range: 2E
Section: 12
Lot Number: 10
Income Expenses
Gross Annual Sch Inc: 333600
Net Operating Income: 297317
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1150
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 1400
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 8
Avg Rent: 1800
Avg SqFt: 1000
# Baths: 2
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Building(s) Only; Land & Building; Personal Property; Pool Equipment; Laundry Equipment
Community Features: Pool
Appliances Included: Built-In Gas Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Central
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: Individual Meter
Parking Features: On Street; 1 Space/Unit; >1 Space Per Unit; Detached Carport
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Cable TV; Landscaping; Pool Maintenance
Tenant Pays: Electricity; Gas
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Cash to Loan; Conventional
Environmental: None
Documents
Offering Memorandum ›Listing Office: HomeSmart
Last Updated: April - 02 - 2026
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