2014 W BERRIDGE Lane, Phoenix, AZ 85015
$4,770,000
Property Type: Multiple Dwellings Status: Active
Current Price: $4,770,000 List Date: 11/17/2025 Last Modified: 11/17/2025
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.
More Information MLS# 6946527
Contract Info
Ownership: Fee Simple Current Price: $4,770,000 List Price: $4,770,000 Status: Active List Date: 2025-11-12
Location, Tax & Legal
Assessor's Map #: 13 Legal Description (Abbrev): LOT 10 PARK MARYLAND AMD MCR 007625 Assessor's Parcel #: 86 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 106802 Taxes: 7322 Legal: LOT 10 PARK MARYLAND AMD MCR 007625 Marketing Name: Signature 18 House Number: 2014 Compass: W Street Name: BERRIDGE St Suffix: Lane City/Town Code: Phoenix State/Province: AZ Zip Code: 85015 Zip4: 2141 County Code: Maricopa Subdivision: PARK MARYLAND AMD Assessor Number: 156-13-086-A Tax Year: 2024
General Property Description
# of Buildings: 3 Uncvrd Parking Spcs: 20 Lot Size Dimensions: 100x270 Total # of Units: 18 High School District: Glendale Union High School District Year Built: 1961 Zoning: R-4
Legal Info
Range: 2E Section: 12 Township: 2N Lot Number: 10
Project Type
13 - 24 Units: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1 Land & Building: 1 Personal Property: 1 Pool Equipment: 1 Laundry Equipment: 1
Income & Expenses
Owner Association: No Annual Ownr Asoc Fee: 0 Annual Other Expense: 42867 Operating Exp: 50189 Other Income: 26600 Vacancy Allowance: 0.05 Adjusted Gross Inc: 342190
Pmt & Rate Info
Cap Rate: 6.23 Equity: 4770000 Down Payment %: 20 Monthly Payments: 1 Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used Text: 1 Email: 1 Phone Call: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Heating
Central: 1
Cooling
Central Air: 1
Tenant Pays
Gas: 1 Electricity: 1
Appliances Included
Built-In Gas Oven: 1 Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Built-In Range: 1 Washer/Dryer: 1 W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Detached Carport: 1 On Street: 1 1 Space/Unit: 1 >1 Space Per Unit: 1
Electric
Individual Meter: 1
Gas
Individual Meter: 1
Owner Pays
Water: 1 Sewer: 1 Trash Collection: 1 Cable TV: 1 Landscaping: 1 Pool Maintenance: 1
New Financing
Cash: 1 Cash to Loan: 1 Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4 Avg Rent: 1150 Avg SqFt: 600 # Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 6 Avg Rent: 1400 Avg SqFt: 800 # Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 8 Avg Rent: 1800 Avg SqFt: 1000 # Baths: 2
4 Bedrooms Units
Avg Rent: 0
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. Geo Lat: 33.526676 Geo Lon: -112.102362
Income Expenses
Gross Annual Sch Inc: 333600 Net Operating Income: 297317
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
Documents
Offering Memorandum › Listing Office: HomeSmart
Last Updated: November - 17 - 2025
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