2014 W BERRIDGE Lane Phoenix, AZ ^$ 4,770,000

2014 W BERRIDGE Lane

^$ 4,770,000

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2014 W BERRIDGE Lane

Phoenix, AZ, 85015

^$ 4,770,000

Studio Baths0.0

Monthly Estimate*

^$ 29,759

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $4,770,000. This home was built in 1961.

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.

Multi-Family Active

Price

^$ 4,770,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 7,322

Style

Multiple Dwellings

Year Built

1961

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6946527

Features

General

Sewer Public Sewer

Heating Central

Cooling Central Air

Roof Composition

Zoning R-4

Construction Materials Stucco Block

Year Built 1961

Electric Individual Meter

Township 2N

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 342190.0

Community Features Pool

County Maricopa

Net Operating Income 297317.0

Operating Expense 50189.0

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name PARK MARYLAND AMD

Garage Y/N N

Status Active

Directions From I-17 exit at Bethany Home Rd and head east. Turn south on 21st Ave then east on Berridge Ln. Property is on the north side of the street.

City Phoenix

Disclosures None

High School District Glendale Union High School District

Open Parking Spaces 20.0

Number Of Units Total 18

Lot Size Square Feet 0.0

Carport Y/N N

Tax Annual Amount 7322.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Lot 10

Cap Rate 6.23

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features >1 Space Per Unit 1 Space/Unit On Street

Water Source City Franchise

Total Parking 39.0

Lot Size Area 0.0

Number of Buildings 3

Spa N

Lot Dimensions 100x270

Lot Size Acres 0.0

Covered Spaces 19.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2014

* Excluded Features

List By

Homesmart

Broker

corsmeiercollin@gmail.com

Affordability Calculator

$30,369

Per Month

Monthly Principal & Interest: $29,759
Monthly Property Taxes: $610
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,164,455

Percent of Sale Price 76%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327134 Elementary School

4327258 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/17/2025	$4,770,000		Listed Price

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2014 W BERRIDGE Lane, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $4,770,000. 2014 W BERRIDGE Lane is a studio with 0.0 baths and was built in 1961. The property's zip code is 85015 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/6/2025.

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2014 W BERRIDGE Lane

Multi-Family Home for sale in Phoenix, AZ

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