1942 W BERRIDGE Lane, Phoenix, AZ 85015
$1,600,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,600,000
Last Modified:
1/23/2025
Overview
Description
Listing Details MLS# 5877450
Location, Tax & Legal
- Map Code/Grid
- N33
- House Number
- 1942
- Compass
- W
- Street Name
- BERRIDGE
- St Suffix
- Lane
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85015
- Zip4
- 2122
- Country
- US
- County Code
- Maricopa
- Subdivision
- PARK MARYLAND AMD
- Assessor Number
- 156-13-084-A
- Tax Year
- 2018
- Assessor's Map #
- 13
- Legal Description (Abbrev)
- LOT 8 PARK MARYLAND AMD MCR 007625
- Assessor's Parcel #
- 84
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 106802
- Taxes
- 4797
- Legal
- LOT 8 PARK MARYLAND AMD MCR 007625
- Marketing Name
- Beverly Palms 12
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- irreg
- Year Built
- 1963
- Uncvrd Parking Spcs
- 4
- Total # of Units
- 12
- # of Buildings
- 3
- Zoning
- M-H, R-4
- Elementary School District
- Washington Elementary District
- High School District
- Glendale Union High School District
Remarks Misc
- Cross Street
- Bethany Home and 19th Avenue
- Directions
- I-17 to Bethany Home Road, East to 21st Avenue, north to Berridge Lane, East to property (on left)
Status Change Info
- Off Market Date
- 2019-07-07
- Under Contract Date
- 2019-06-13
- Close of Escrow Date
- 2019-08-30
Legal Info
- Township
- 2N
- Range
- 2E
- Section
- 12
- Lot Number
- 8
More Information
Income Expenses
- Gross Annual Sch Inc
- 143100
- Net Operating Income
- 104161
2 Bedroom Units
- # 2 Bedroom Units
- 12
- Avg Rent
- 875
- Avg SqFt
- 900
- # Baths
- Yes
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 5 - 12 Units
- Yes
Construction
- Block
- Yes
- Brick
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Built-Up
- Yes
Floors
- Concrete
- Yes
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 1231
- Annual Gas Exp
- 0
- Annual Ins Exp
- 3215
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 3680
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 4166
- Annual Mgmt Exp
- 7100
- Annual Trash Exp
- 2332
- Annual Wtr/Swr Exp
- 6012
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 32533
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 135945
Pmt & Rate Info
- Cap Rate
- 6.32
- Down Payment
- 1649000
- Equity
- 1649000
- Down Payment %
- 100
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
- Barbecue
- Yes
Heating
- Electric
- Yes
Cooling
- Heat Pump
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Fenced
- Yes
- Sidewalk(s)
- Yes
- Patio/Balcony
- Yes
- Pet Restrictions
- Yes
- Separate Storage
- Yes
- Security Light(s)
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Access Type
- Alley
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- On Street
- Yes
- >1 Space Per Unit
- Yes
- Paved
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Other (See Remarks)
- Yes
Existing 1st Loan
- Other (See Rmks)
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
5 - 12 Units
Construction:
Block; Brick
Const - Finish:
Painted
Roofing:
Built-Up
Floors:
Concrete; Ceramic Tile
Sale Includes:
Land & Building
Community Features:
No Pool; Barbecue
Exterior Amenities:
Desert Landscaping; Fenced; Sidewalk(s); Patio/Balcony; Pet Restrictions; Separate Storage; Security Light(s)
Interior Features:
Unfurnished; Fire/Smoke Alarm(s)
Appliances Included:
Free-Standing Range; Refrigerator; Dishwasher; Disposal
Cooling:
Heat Pump
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS
Gas:
None
Parking Features:
Carport; On Street; >1 Space Per Unit; Paved
Road Access Type:
Alley
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Owner
Existing 1st Loan:
Other (See Rmks)
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Other (See Remarks)
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Other (See Remarks)
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Other (See Remarks)
Environmental:
None
Listing Office:
Kasten Long Commercial Group
Last Updated: January - 23 - 2025
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