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    2014 W Berridge Ln Phoenix, AZ 85015

    For Sale
    $4,770,000

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    21
    Last Refresh:
    Dec 7 at 12:06 am

    Property Features for 2014 W Berridge Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-4
    Rooms
    Bedroom 5, Bedroom 3, Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
    Bedrooms
    6
    APN
    156-13-086-A
    Parking features
    On Street
    Appliances
    Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Gas Oven, Microwave, Washer/Dryer, W/D Hookup

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1961
    Number of units
    18
    Flooring type
    Vinyl
    Building materials
    Stucco, Block
    Roof type
    Composition

    HomeSmart (602) 230-7600 [email protected]

    Listing agent Collin Corsmeier (714) 855-2644

    Listing date Nov 17, 2025

    MLS# 6946527 Listing URL

    Copyright © 2025 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.

    Overview

    Phoenix Multifamily Investment Opportunity

    Signature 18 is a gated multifamily community located in Phoenix. The property offers a 6.23% proforma cap rate and a projected net operating income of $300,000. The community is situated near Abrazo Hospital, Christown Spectrum Mall, and major transit options, combining urban accessibility with a private environment. Recent improvements to the property include desert landscaping, repaved parking areas, refreshed exterior paint, and the installation of LED motion lighting. Security has been upgraded with new cameras and modern gate locks. The units feature new stainless steel appliances and in-unit washers and dryers. Further improvements include roof resealing and upgraded pool equipment. A new dog run has been added to enhance resident appeal. This property is presented as a turn-key investment with strong cash flow and long-term efficiency.
    Property Profile Location Intelligence

    Current Use by Public Records

    Signature 18 Apartment Complex Apenitas Pavers and Land ... Landscaper

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.102362
    Latitude
    33.526676

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    FAQs

    What type of property is this?
    Apartment building - Gated Phoenix community with strong cash flow and modern upgrades.
    Where is this apartment building located?
    The property is located at 2014 W Berridge Ln Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $4,770,000.
    What are key features of this property?
    This property features: - High-yield investment opportunity: 6.23% proforma cap rate and $300,000 projected NOI.; - Turn-key property with recent upgrades: Includes new appliances, in-unit washers/dryers, roof resealing, and upgraded pool equipment.; - Enhanced security and safety: Features upgraded security cameras, modern gate locks, and LED motion lighting.
    (714) 855-2644
    Request Owner's contact information
    2014 W Berridge Ln Phoenix, AZ 85015
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2014 W Berridge Ln Phoenix, AZ 85015
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