2014 W BERRIDGE Lane, Phoenix, AZ 85015

  • $5,400,000
2014 W BERRIDGE Lane, Phoenix, AZ 85015

Overview

Property ID: HZ6688318
  • 0
  • Bathroom
  • 1961
  • Year Built
  • HZ6688318
  • Property ID

Description

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.

  • Address BERRIDGE
  • City Phoenix
  • State/county Maricopa
  • Zip/Postal Code 85015
  • Area PARK MARYLAND AMD

Details

Updated on August 20, 2024 at 2:31 pm
  • Property ID: HZ6688318
  • Price: $5,400,000
  • Bathroom: 0
  • Year Built: 1961
  • Property Status: Multiple Dwellings

Additional details

  • Source System: Arizona Regional Multiple Listing Service (ARMLS)
  • Listing Office: HomeSmart

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