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 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Falkner | Cohen Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data Last Updated: 11:18 PM UTC, 12/3/2024.

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