2014 W BERRIDGE Lane Active Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85015
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Park Maryland Amd
MLS Listing ID 6946527
Year Built 1961
Annual Tax Amount $7,322
Tax Year 2024
Property Description
Introducing Signature 18, a gated community in the heart of Phoenix, offering a 6.23% proforma cap rate and projected NOI of $300,000. 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.
Location
State AZ
County Maricopa
Community Park Maryland Amd
Area Maricopa
Zoning R-4
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Exterior
Parking Features >1 Space Per Unit,1 Space/Unit,On Street
Community Features Pool
Roof Type Composition
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Glendale Union High School District
Others
Acceptable Financing CTL,Conventional
Listing Terms CTL,Conventional