Active
2014 W BERRIDGE Lane
Phoenix AZ, 85015
$5,400,000
Active
Other
Built in 1961
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.
6688318
MLSⓇ ID
April 8, 2024
Listed
December 3, 2024
Updated
Map
2014 W BERRIDGE Lane
Phoenix AZ, 85015
Interior Features
Floor Description
Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Individual, Electric
Heating
Yes
Heating Description
Individual, Electric
Exterior/Building Features
Roof
Built-Up
Sewer
Public Sewer
Other Property Details
Taxes
$7,188
Tax Frequency
Annually
Days on Market
240
Garage
No
Parking
1 Space/Unit
Parking Total
19
View
No
County
Maricopa
Water Source
City Franchise
Pool
No
Zoning
R-4
Listing History
Date | Event | Price |
---|---|---|
8/20/2024 | Price change | $5,400,000 -7% |
Courtesy of HomeSmart
Listing Contact: 714-855-2644
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Data Last Updated: 11:18 PM UTC, 12/3/2024.