1942 W BERRIDGE Lane, Phoenix, AZ 85015
1942 W BERRIDGE Lane, Phoenix, AZ 85015
1942 W BERRIDGE Lane, Phoenix, AZ 85015
25
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$2,200,000
Est. payment /mo
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24 Beds
Price Dropped by $285K

1942 W BERRIDGE Lane Phoenix, AZ 85015

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Park Maryland Amd

MLS Listing ID 6865139

Bedrooms 24

Year Built 1963

Annual Tax Amount $5,349

Tax Year 2024

Lot Dimensions 143.08x129.27x143.08x129.27

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Fully renovated, turn-key 12-unit multifamily asset located in the heart of vibrant Central Phoenix. This rare investment opportunity offers immediate cash flow and long-term upside in one of the city's most dynamic and accessible submarkets.

Lamego Palms features spacious, thoughtfully updated two-bedroom, one-bathroom residences averaging approximately 900 square feet. Each unit offers modern finishes, upgraded kitchens and bathrooms, and an in-unit washer and dryer--premium amenities that enhance the resident experience and support strong tenant retention.

The property also includes a detached bonus flex space equipped with plumbing and electrical, offering additional functionality and potential for an office, storage, or other ancillary use.

Location

State AZ

County Maricopa

Community Park Maryland Amd

Area Maricopa

Zoning R-4

Interior

Heating Electric

Cooling Central Air

Flooring Ceramic Tile

Appliance Disposal, Dishwasher, Free-Standing Electric Oven, Washer/Dryer

Exterior

Exterior Feature Sidewalk(s)

Parking Features >1 Space Per Unit

Community Features Other

Roof Type Built-Up

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

Structure Type Sidewalk(s)

New Construction No

Schools

School District Glendale Union High School District

Others

Senior Community No

Tax ID 156-13-084-A

Ownership Fee Simple

Acceptable Financing Other (See Remarks)

Disclosures Other (See Remarks)

Listing Terms Other (See Remarks)


Arizona Regional MLS (ARMLS)
Listed by ABI Multifamily • Andrew Arambula

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Michael Vallee
Michael Vallee

Agent Mortgage Loan Officer 2665457

+1(480) 848-5780 | michael@valleerealty.com

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1942 W BERRIDGE Lane