2014 W Berridge Lane , Phoenix, AZ 85015
Phoenix, AZ 85015
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.
Details
| MLS# | 6688318 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1961 |
| Days On Site | 154 |
| Listing Provided By | HomeSmart | Collin Corsmeier |
Features
| Pool | Yes |
|---|---|
| Units | 18 |
| Building(s) | 1 |
| Zoning | R-4 |
Market Activity 85015
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Learn More About This Property
| State | AZ |
|---|---|
| County | Maricopa |
| City | Phoenix |
| Zip Code | 85015 |
| Area | Maricopa |
| Community Name | PARK MARYLAND AMD |
| School District | Glendale Union High School Distr |
| Elementary School | Washington Elementary District |
| Listing VS Median (in PARK MARYLAND AMD) | |
Price: $5,400,000 low | high Med: $150,000 On Site: 154 low | high Med: 0.000000 | |
"All information should be verified by the recipient and none is guaranteed as accurate by ARMLS"