1942 W Berridge Lane, Phoenix, AZ 85015
- $2,200,000
- 24
- BD
- 72
- BA
- List Price
- $2,200,000
- Price Change
- ▼ $285,000 1790047144
- Days on Market
- 498
- Status
- ACTIVE
- MLS#
- 6865139
- City
- Phoenix
- Bedrooms
- 24
- Bathrooms
- 72
- Subdivision
- Park Maryland Amd
- Year Built
- 1963
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.
Additional Information
- Community Features
- Other
- Construction
- Block, Brick, Painted
- Cooling
- Central Air
- Exterior Features
- Sidewalk(s)
- Flooring
- Ceramic Tile
- Heating
- Electric
- New Financing
- Other (See Remarks)
- Parking Features
- >1 Space Per Unit
- Roofing
- Built-Up
- Sewer
- Public Sewer
- Subdivision
- Park Maryland Amd
- Taxes
- $5,349
- Tax Year
- 2024
- Tenant Pays
- Electricity, Cable TV
- Units
- 12
- Water
- City Franchise
- Zoning
- R-4
Courtesy of ABI Multifamily. 602-714-1400
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