$4,770,000

2014 W Berridge Ln Phoenix, AZ 85015

Alhambra Neighborhood

Estimated payment $25,627/month

Total Views 1,568
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Heated Community Pool
  • Central Heating and Cooling System
  • Vinyl Flooring
  • Washington High School Rated A-

About This Home

Introducing Signature 18, a gated community in the heart of Phoenix, offering a 6.23% proforma cap rate and projected NOI of $300,000. 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.

Listing Agent

Collin Corsmeier

HomeSmart License #SA694454000 Listed on: 11/17/2025

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,322

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 20 Open Parking Spaces
  • 39 Parking Spaces
  • 19 Covered Spaces
  • Over 1 Space Per Unit
  • On-Street Parking

Additional Features

  • Vinyl Flooring
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 156-13-086-A

Community Details

Overview

  • 3 Buildings
  • 18 Units
  • Building Dimensions are 100x270
  • Park Maryland Amd Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $50,189
  • Gross Income $342,190
  • Net Operating Income $297,317

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,322

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: N 19th Avenue
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2024
  • Subdivision Name: PARK MARYLAND AMD
  • Tax Parcel Letter: A
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Gas Oven, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Pool2: Yes
  • Appliances Included:Built-In Gas Oven: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 19.0
  • Parking Features: >1 Space Per Unit, 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 39.0
  • General Property Description:Covered Parking Spcs: 19.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 39.0
  • Parking Features:Detached Carport: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Pool

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 100x270
  • Additional Parcels: No
  • Parcel #: 156-13-086-A

Multi Family

  • Owner Pays: Pool Maintenance, Trash Collection, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 18
  • Annual Gross Income: 342190.0
  • Property Net Operating Income: 297317.0
  • Annual Operating Expense: 50189.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 7322.0
  • Tax Book Number: 156.00
  • Tax Lot: 10

Map

Range of Values:

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Value Increase
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Percent Increase
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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 List to Sale Price per Sq Ft Prior Sale
11/17/2025 11/17/25 For Sale $4,770,000 +92.7% --
10/28/2018 10/28/18 Sold $2,475,000 -2.0% $728 / Sq Ft View Prior Sale
08/16/2018 08/16/18 Pending -- -- --
07/25/2018 07/25/18 For Sale $2,525,000 0.0% $743 / Sq Ft
03/05/2018 03/05/18 Rented $925 0.0% --
02/07/2018 02/07/18 For Rent $925 0.0% --
05/13/2016 05/13/16 Sold $1,305,000 -3.3% $384 / Sq Ft View Prior Sale
03/17/2016 03/17/16 Pending -- -- --
01/18/2016 01/18/16 For Sale $1,350,000 -- $397 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6946527

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85015 Alhambra

2014 W Berridge Ln, Phoenix, AZ

For Sale

MultiFamily

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

Nearby Homes
Listing Agent
Collin Corsmeier
Section Image
HomeSmart
(612) 770-1717