2014 W Berridge Lane Phoenix, AZ 85015
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.
- Property TypeMulti-Family
- NeighborhoodPark Maryland Amd
- CountyMaricopa
- Taxes$7,188
- HOA/Condo/Coop Fees$0
- Days on Site39 Days
- MLS StatusActive
- MLS ID Number6688318
- Home Size Source N/A
- Year Built1961
- Lot Size0 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick VeneerStuccoStoneBlock
- Parking 1 Space/ Unit
- Parking Spaces 19
- Sewer Public Sewer
- Acreage 0
- Cross Street N 19th Ave & W. Berridge Ln
- Attached Garage No
- Zoning R-4
Interior Features
- Cooling IndividualElectric
- Heating IndividualElectric
- Appliances F/ S Oven/ RangeMicrowaveWasher/ Dryer
- Flooring Vinyl
Exterior Features
- Roof Built- Up
Community Features
- Township 2N
- Community Features ClubhouseManager Res/ OfficePool