2014 W BERRIDGE Lane, Phoenix, AZ 85015 (MLS# 6946527)

Contract Info

Ownership: Fee Simple Current Price: $3,780,000 List Price: $3,780,000 Status: Active List Date: 2025-11-12

Location, Tax & Legal

Assessor's Map #: 13 Legal Description (Abbrev): LOT 10 PARK MARYLAND AMD MCR 007625 Assessor's Parcel #: 86 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 106802 Taxes: 7322 Legal: LOT 10 PARK MARYLAND AMD MCR 007625 Marketing Name: Signature 18 House Number: 2014 Compass: W Street Name: BERRIDGE St Suffix: Lane City/Town Code: Phoenix State/Province: AZ Zip Code: 85015 Zip4: 2141 Country: US County Code: Maricopa Subdivision: PARK MARYLAND AMD Assessor Number: 156-13-086-A Tax Year: 2024

General Property Description

# of Buildings: 3 Uncvrd Parking Spcs: 20 Lot Size Dimensions: 100x270 Total # of Units: 18 High School District: Glendale Union High School District Year Built: 1961 Zoning: R-4

Legal Info

Range: 2E Section: 12 Township: 2N Lot Number: 10

Project Type

13 - 24 Units: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 4 Avg Rent: 1150 Avg SqFt: 600 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 6 Avg Rent: 1400 Avg SqFt: 800 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 8 Avg Rent: 1800 Avg SqFt: 1000 # Baths: 2

4 Bedrooms Units

Avg Rent: 0

Structure

Bedrooms Total: 40 Bathrooms Total: 26

Construction

Block: 1

Const - Finish

Stucco: 1

Roofing

Composition: 1

Floors

Vinyl: 1

Sale Includes

Building(s) Only: 1 Land & Building: 1 Personal Property: 1 Pool Equipment: 1 Laundry Equipment: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Annual Other Expense: 42867 Operating Exp: 50189 Other Income: 26600 Vacancy Allowance: 0.05 Adjusted Gross Inc: 342190

Pmt & Rate Info

Cap Rate: 7.87 Equity: 3780000 Down Payment %: 20 Monthly Payments: 1 Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

Pool: 1

Heating

Central: 1

Cooling

Central Air: 1

Tenant Pays

Gas: 1 Electricity: 1

Appliances Included

Built-In Gas Oven: 1 Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Built-In Range: 1 Washer/Dryer: 1 W/D Hookup: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Detached Carport: 1 On Street: 1 1 Space/Unit: 1 >1 Space Per Unit: 1

Electric

Individual Meter: 1

Gas

Individual Meter: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Cable TV: 1 Landscaping: 1 Pool Maintenance: 1

New Financing

Cash: 1 Cash to Loan: 1 Conventional: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Remarks Misc

Cross Street: N 19th Avenue 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. Geo Lat: 33.526676 Geo Lon: -112.102362

Income Expenses

Gross Annual Sch Inc: 333600 Net Operating Income: 297317

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Stucco Roofing: Composition Floors: Vinyl Sale Includes: Building(s) Only; Land & Building; Personal Property; Pool Equipment; Laundry Equipment Community Features: Pool Appliances Included: Built-In Gas Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Heating: Central Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: Individual Meter Gas: Individual Meter Parking Features: On Street; 1 Space/Unit; >1 Space Per Unit; Detached Carport Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Cable TV; Landscaping; Pool Maintenance Tenant Pays: Electricity; Gas Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Cash to Loan; Conventional Environmental: None