2014 W BERRIDGE Lane, Phoenix, AZ 85015 (MLS# 6946527)

2014 W BERRIDGE Lane, Phoenix, AZ 85015

$3,780,000

Property Type: Multiple Dwellings Bedrooms: 40 Baths: 26 Status: Active

Current Price: $3,780,000 List Date: 11/17/2025 Last Modified: 8/13/2026

Overview

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.

Listing Details MLS# 6946527

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
Country: US
County Code: Maricopa
Subdivision: PARK MARYLAND AMD
Assessor Number: 156-13-086-A
Tax Year: 2024

Contract Info

Ownership: Fee Simple

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.

Legal Info

Township: 2N
Range: 2E
Section: 12
Lot Number: 10

1 Bedroom Units

# 1 Bedroom Units: 4
Avg Rent: 1150
Avg SqFt: 600
# Baths: Yes

More Information

2 Bedroom Units

# 2 Bedroom Units: 6
Avg Rent: 1400
Avg SqFt: 800
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: 8
Avg Rent: 1800
Avg SqFt: 1000
# Baths: 2

Structure

Bedrooms Total: 40
Bathrooms Total: 26

Income Expenses

Gross Annual Sch Inc: 333600
Net Operating Income: 297317

Showing Notification Methods

Showing Service: No Showing Service Used

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