2014 W Berridge Lane, Phoenix, AZ 85015
- $3,780,000
- 40
- BD
- 26
- BA
- List Price
- $3,780,000
- Status
- ACTIVE
- Price Change
- ▼ $219,995 1786670286
- Days on Market
- 303
- MLS#
- 6946527
- City
- Phoenix
- Bedrooms
- 40
- Bathrooms
- 26
- Year Built
- 1961
Property Description
Introducing Signature 18, a gated community in the heart of Phoenix, offering a 8% ACTUAL cap rate (T-4) of 2026. 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.
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Additional Information
- Taxes
- $7,322
- Net Operating Income
- $297,317
- Cap Rate
- 7.87
- Units
- 18
- Parking Features
- 1 Space/Unit, On Street, >1 Space Per Unit, Detached Carport
- Construction
- Block, Stucco
- Roofing
- Composition
- Cooling
- Central Air
- Heating
- Central
- Zoning
- R-4
- Subdivision
- Park Maryland Amd
- Community Features
- Pool
- Electric
- Individual Meter
- Water
- City Franchise
- Tenant Pays
- Electricity, Gas
- New Financing
- Cash to Loan, Conventional, Cash
Courtesy of HomeSmart. 602-230-7600
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