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2014 W BERRIDGE Lane
Phoenix AZ 85015 US

$5,760,000

Active Listing ID 6688318
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$5,760,000

Active Listing ID 6688318
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2014 W BERRIDGE Lane 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.

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Property Features

  • Facts
  • Property Type: Other
  • Property Sub-type: Other
  • Features
  • Floor Covering: Vinyl
  • Roof Type: Built-Up

Property

  • propertytype: Other
  • propertysubtype: Other
  • listprice: 5760000
  • unparsedaddress: 2014 W BERRIDGE Lane
  • postalcity: Phoenix
  • stateorprovince: AZ
  • country: US
  • postalcode: 85015
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0
  • lotsizeunits: Acres
  • livingareaunits: Square Feet
  • latitude: 33.526676
  • longitude: -112.102362
  • listagentfullname: Collin Corsmeier
  • listagentemail: corsmeiercollin@gmail.com
  • listagentkey: 3yd-ARMLSAZ-cc764
  • listagentmlsid: cc764
  • listagentpreferredphone: 7148552644
  • listagentofficephone: 6022307600
  • listofficekey: 3yd-ARMLSAZ-cril01
  • listofficemlsid: cril01
  • disclaimer: Copyright © 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ARMLSAZ
  • yearbuilt: 1961
  • listingcontractdate: 2024-04-07
  • listagenturl: http://www.homesmartintl.com
  • countyorparish: Maricopa
  • parcelnumber: 156-13-086-A
  • elementaryschooldistrict: Glendale Union High School District
  • middleorjuniorschooldistrict: Glendale Union High School District
  • highschooldistrict: Glendale Union High School District
  • appliances: Dryer, Microwave, Range, Washer/Dryer Combo
  • constructionmaterials: Block, Brick, Brick Veneer, Stone, Stucco
  • flooring: Vinyl
  • numberofunitstotal: 18
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 19
  • roof: Built-Up
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -112.102362, 33.526676
  • customfields: {"AlternatePrices":[], "Expenses":[], "Neighborhoods":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2014-W-Berridge-Ln_Phoenix_AZ_85015_M23588-21770?f=listhub&s=ARMLSAZ&m=6688318&c=rexren", "LeadRoutingEmail":"corsmeiercollin@gmail.com", "BrokerName":"HomeSmart", "ListingTitle":"Multiple Dwellings - Phoenix, AZ", "ListOfficeBrokerMlsId":"rl042", "ListOfficeEmail":"rlarue@hsmove.com", "ListOfficeAddress1":"8388 E Hartford Dr #100", "ListOfficeAddress2":null, "ListOfficeCity":"Scottsdale", "ListOfficePostalCode":"85255", "ListOfficeStateOrProvince":"AZ", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"HomeSmart", "ListBrokeragePhone":"(602) 230-7600", "ListBrokerageEmail":"broker@hsmove.com", "ListBrokerageWebsiteUrl":"http://www.homesmartintl.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/ARMLSAZ/c5ababc321caed0f0121cb007014004f/20140609191651070.png", "ListBrokerageUnparsedAddress":"8388 E. Hartford Dr", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Scottsdale", "ListBrokerageStateOrProvince":"AZ", "ListBrokeragePostalCode":"85255", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-04-07T19:46:07Z", "Taxes":[{"TaxYear":"2023", "TaxAnnualAmount":7188, "TaxDescription":null}]}
Listing Changed: 4/8/2024 2:23:10 AM GMT
Source Updated Date: 5/18/2024 6:49:54 AM GMT

Courtesy of: Collin Corsmeier, HomeSmart, corsmeiercollin@gmail.com

Copyright © 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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