$2,530,000
$20K PRICE DROP

1942 W Berridge Ln Phoenix, AZ 85015

Alhambra Neighborhood

Estimated payment $14,299/month

Total Views 2,496
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Washington High School Rated A-

About This Home

ABI Multifamily is proud to present the exclusive offering of Lamego Palms—a fully renovated, turn-key 12-unit multifamily asset located in the heart of vibrant Central Phoenix. This rare investment opportunity delivers immediate cash flow and substantial long-term upside in one of the city's most dynamic and accessible submarkets. Lamego Palms features spacious, thoughtfully updated 2-bedroom, 1-bathroom units, each spanning approximately 900 square feet. Every residence is outfitted with modern finishes, upgraded kitchens and bathrooms, and in-unit washer and dryers—premium amenities that elevate tenant satisfaction and support strong retention. Residents enjoy the comfort of large, open floor plans, private in-home laundry, and contemporary interiors that feel like home from day one.

Listing Agent

Andrew Arambula

ABI Multifamily License #SA688881000 Listed on: 05/12/2025

Co-Listing Agent

Tom Palestina

ABI Multifamily License #SA688331000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,349

Year Built

  • Built in 1963

Lot Details

  • Property fronts an alley

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 16 Open Parking Spaces
  • 28 Parking Spaces
  • 12 Covered Spaces
  • Over 1 Space Per Unit

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 156-13-084-A

Community Details

Overview

  • 2 Buildings
  • 12 Units
  • Building Dimensions are 143.08x129.27x143.08x129.27
  • Park Maryland Amd Subdivision

Building Details

  • Operating Expense $5,349

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,349

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2024
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: PARK MARYLAND AMD
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances: Disposal, Dishwasher, Free-Standing Electric Oven, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block, Brick
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 28.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 28.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 143.08x129.27x143.08x129.27
  • Additional Parcels: No
  • Parcel #: 156-13-084-A

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Number Of Units Total: 12
  • Annual Operating Expense: 5349.0

Tax Info

  • Tax Annual Amount: 5349.0
  • Tax Book Number: 156.00
  • Tax Lot: 8

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Price Changed $2,530,000 -0.8% --
05/12/2025 05/12/25 For Sale $2,550,000 +59.4% --
08/30/2019 08/30/19 Sold $1,600,000 -3.0% $1,778 / Sq Ft
06/13/2019 06/13/19 Pending -- -- --
01/25/2019 01/25/19 For Sale $1,649,000 -- $1,832 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6865139

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85015 Alhambra

1942 W Berridge Ln, Phoenix, AZ

This home is located at 1942 W Berridge Ln, Phoenix, AZ 85015 and is currently priced at $2,530,000. This property was built in 1963. 1942 W Berridge Ln is a home located in Maricopa County with nearby schools including Maryland Elementary School, Washington High School, and Pensar Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Andrew Arambula
Listing Agent
Andrew Arambula
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ABI Multifamily
(602) 513-5200