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
Overview
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.
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
- County Code
- Maricopa
- Subdivision
- PARK MARYLAND AMD
- Assessor Number
- 156-13-086-A
- Tax Year
- 2024
- 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
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
Income Expenses
- Gross Annual Sch Inc
- 333600
- Net Operating Income
- 297317
More Information
Showing Notification Methods
- Showing Service
- No Showing Service Used
- Text
- Yes
- Yes
- Phone Call
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 1150
- Avg SqFt
- 600
- # Baths
- Yes
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
Project Type
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Building(s) Only
- Yes
- Land & Building
- Yes
- Personal Property
- Yes
- Pool Equipment
- Yes
- Laundry Equipment
- Yes
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
Lockbox Type
- None
- Yes
Community Features
- Pool
- Yes
Heating
- Central
- Yes
Cooling
- Central Air
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
Appliances Included
- Built-In Gas Oven
- Yes
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
- Washer/Dryer
- Yes
- W/D Hookup
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Detached Carport
- Yes
- On Street
- Yes
- 1 Space/Unit
- Yes
- >1 Space Per Unit
- Yes
Electric
- Individual Meter
- Yes
Gas
- Individual Meter
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Cable TV
- Yes
- Landscaping
- Yes
- Pool Maintenance
- Yes
New Financing
- Cash
- Yes
- Cash to Loan
- Yes
- Conventional
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
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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