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 6688318
Maintenance Fees $5,400
Year Built 1961
Annual Tax Amount $7,188
Tax Year 2023
Property 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.
Location
State AZ
County Maricopa
Community Park Maryland Amd
Zoning R-4
Interior
Heating Individual,Electric
Cooling Electric,Individual
Flooring Vinyl
Exterior
Parking Features 1 Space/Unit
Community Features Clubhouse,Manager Res/Office,Pool
Roof Type Built-Up
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Glendale Union High School District
Others
Acceptable Financing No Carry,Conventional,1031 Exchange
Listing Terms No Carry,Conventional,1031 Exchange