2014 W Berridge Lane, Phoenix, AZ 85015

$3,999,995

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List Price
$3,999,995
Price Change
▼ $495,005 1784946832
Days on Market
263
Status
ACTIVE
MLS#
6946527
City
Phoenix
Subdivision
Park Maryland Amd
Year Built
1961

Property Description

Introducing Signature 18, a gated community in the heart of Phoenix, offering a 7.91% ACTUAL cap rate of 2025. 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.

Additional Information

Community Features
Pool
Construction
Block, Stucco
Cooling
Central Air
Electric
Individual Meter
Heating
Central
New Financing
Cash, Conventional
Parking Features
1 Space/Unit, On Street, >1 Space Per Unit, Detached Carport
Roofing
Composition
Pool
Yes
Subdivision
Park Maryland Amd
Taxes
$7,322
Tax Year
2024
Tenant Pays
Electricity, Gas
Units
18
Water
City Franchise
Zoning
R-4

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of HomeSmart.