$5,760,000 Price Analysis    ♡   Phoenix, AZ 85015 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.64 acre lot. Built 1961 Listed 2024-04-08, Taxes $6,954 | Ⓧ USDA Ineligible due to price & location near Phoenix |
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 upgrde. 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.
Presented by Collin Corsmeier at
HomeSmart.
Property MLS #6688318 from ArizonaRegionalMLS
Microwave
Washer/Dryer
Heating Features: Individual, Electric
Heating: Yes
Lot Size Dimensions: 130' x 215'
Lot Size Square Feet: 27950
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsSource Listing Status: Active
County: Maricopa
Directions: I17, exit at Camelback Road. Head west on Camelback Road until you reach 19th Avenue. Take a right onto 19th Avenue and proceed north for about half a mile. Then, take a left onto W. Berridge Lane.
Tax Year: 2023
Source Property Type: Multiple Dwellings
Source Neighborhood: PARK MARYLAND AMD
Owner Pays: Trash Collection, Water, Sewer, Landscaping
Parcel Number: 156-13-086-A
Postal Code Plus 4: 2141
Subdivision: PARK MARYLAND AMD
Zoning: R-4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $176,330 + $44,080 $220,410 | $6,954 |
| 2020 | $115,160 + $28,790 $143,950 | $6,867 |
| 2019 | $87,670 + $21,910 $109,580 | $6,742 |
| 2018 | $64,020 + $16,000 $80,020 | $6,565 |
| 2017 | $40,090 + $10,500 $50,590 | $6,532 |
| 2016 | $41,740 + $10,940 $52,680 | $6,413 |
| 2015 | $30,110 + $7,890 $38,000 | $5,939 |
| 2014 | $27,730 + $7,270 $35,000 | $5,565 |
| 2012 | $25,280 + $6,620 $31,900 | $6,385 |
| 2011 | $35,439 + $9,289 $44,728 | $7,330 |
| 2009 | $77,640 + $20,350 $97,990 | $8,960 |
| 2008 | $76,050 + $19,930 $95,980 | $8,797 |
| 2007 | $61,200 + $15,300 $76,500 | $7,993 |
$5,760,000
ArizonaRegionalMLS
Sold 2022-08-18
$5,150,000
Public Record
Sold 2021-07-13
$3,425,000
Public Record
Sold 2018-10-28
$2,475,000
ArizonaRegionalMLS
Listing removed 2018-02-22
$925
Rently
Listing removed 2018-02-22
$795
Rently
Listing removed 2018-02-22
$750
Rently
Listing removed 2018-02-22
$1,095
Rently
Listing removed 2018-02-22
$795
Rently
Listed for rent 2018-02-10
$925
Rently
Price Changed for rent 2018-02-08
$1,095
Rently
Listed for rent 2018-02-07
$795
Rently
Listed for rent 2018-02-07
$750
Rently
Listed for rent 2018-01-30
$1,100
Rently
Listed for rent 2018-01-30
$795
Rently
Sold 2016-05-13
$1,305,000
Public Record
Listing removed 2016-05-02
$1,320,000
ArizonaRegionalMLS
Price Changed 2016-02-15
$1,320,000
ArizonaRegionalMLS
Listed 2016-01-19
$1,350,000
ArizonaRegionalMLS
Sold 2015-05-29
$1,225,000
Public Record
Sold 2013-07-24
$1,050,000
Public Record
Sold 2011-02-15
$580,000
Public Record
Sold 2004-12-30
$1,545,000
Public Record
Sold 2001-01-30
$975,000
Public Record
Sold 1996-12-31
$750,000
Public Record
Sold 1990-12-17
$750,000
Public Record
Building Exterior Type: Brick Veneer, Painted, Stucco, Stone, Block
Construction Materials: Brick Veneer, Painted, Stucco, Stone, Block
Property Age: 63
Roof: Built-Up
Water Source: City Franchise
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.