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Signature 18, a fully occupied gated complex in Phoenix, offers a stellar investment with a 6.15% cap rate and a net operating income of $354,339. Located near Abrazo Hospital, Christown Spectrum Mall, and transit, it blends city access with quiet living. Recent capital improvements have boosted aesthetics, efficiency, and security, including desert landscaping to cut water costs, repaved parking, and refreshed exteriors. Security upgrades feature LED motion lights and cameras, alongside modern gate locks. Units are enhanced with stainless steel appliances and new roof sealing, plus a swimming pool pump upgrade. A new dog run adds to the community vibe. This turn-key property ensures immediate income and potential for appreciation, making it an outstanding choice for Phoenix investors.PROPERTY FEATURES
Water Source :
City Franchise
Sewer Source :
Public Sewer
Electric :
Individual Meter
Parking Features:
1 Space/Unit
Parking Total:
19
Road Surface Type :
Asphalt
Zoning:
R-4
Cooling:
Individual, Electric
Heating :
Individual, Electric
Construction Materials:
Brick Veneer, Painted, Stucco, Stone, Block
Flooring :
Vinyl
PROPERTY DETAILS
Street Address: 2014 W BERRIDGE Lane
City: Phoenix
State: Arizona
Postal Code: 85015
County: Maricopa
MLS Number: 6688318
Year Built: 1961
Courtesy of HomeSmart
City: Phoenix
State: Arizona
Postal Code: 85015
County: Maricopa
MLS Number: 6688318
Year Built: 1961
Courtesy of HomeSmart
Courtesy of Premier Haven Management Solutions, LLC