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1942 W BERRIDGE Lane

Phoenix, AZ 85015

Phoenix, AZ 85015

1942 W BERRIDGE Lane

$2,200,000

MLS#: 6865139

Status: Active

Listing provided by: ABI Multifamily

Listing agent phone: None

Last update: 12 days ago

On site: 1 year, 4 months ago

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PARK MARYLAND AMD - Residential Income

About

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.

Property

Beds

24

Full Baths

None

1/2 Baths

None

Year Built

1963

Sq.Footage

N/A

Features

Features & Amenities

Interior

  • Total Bedrooms

    24

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Brick

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $2,200,000

  • Tax Amount

    $5,349

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    Glendale Union High School District

Property Features

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    8

  • Water Source

    Public

Schedule

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Location

  • County

    Maricopa

  • Elementary School

  • Middle School

  • High School

    Glendale Union High School District

Listing Courtesy of Andrew Arambula, ABI Multifamily

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Agent Terri Applegarth

Terri Applegarth

Agent / Realtor®

Call Terri today to schedule a private showing.

Phone (303) 880-6439

Email Terri@MandyGoldTeam.com


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1942 W BERRIDGE Lane

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