- Save your searches
- Get updates on listings
- Track listings
- Add notes and messages
- Personalize your dashboard
2014 W BERRIDGE Lane, Phoenix, AZ 85015
Overview
Description
Supplements: ... (Read more) The property is situated on approximately 0.64 acres and is professionally landscaped with lush turf, mature shade trees and low maintenance desert plants. Exterior amenities include a large central courtyard with sparkling swimming pool, pedestrian gated entry, covered parking, exterior LED lighting, and on-site leasing office. Signature 18 offers an investor an extensively renovated asset located in an excellent in-fill location that has demonstrated strong effective rent growth. In the first quarter of 2018, the submarket rents averaged $1.06 and have increased 5% year over year. Furthermore, the average submarket vacancy has decreased by 237 basis points during the same period, significantly greater than the metro Phoenix average. Strategic path of growth positions Regency Park to benefit from accelerating fundamentals across the Phoenix metro. Numerous economic forecasts project Phoenix to lead major western markets in employment and population growth through 2018.
Listing Details MLS# 5798349
Location, Tax & Legal
- Map Code/Grid
- N33
- House Number
- 2014
- Compass
- W
- Street Name
- BERRIDGE
- St Suffix
- Lane
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85015
- Zip4
- 2127
- Country
- US
- County Code
- Maricopa
- Subdivision
- PARK MARYLAND AMD
- Assessor Number
- 156-13-086-A
- Tax Year
- 2017
- Assessor's Map #
- 13
- Legal Description (Abbrev)
- LOT 10 PARK MARYLAND AMD MCR 007625
- Assessor's Parcel #
- 86
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 106802
- Taxes
- 6532.42
- Legal
- LOT 10 PARK MARYLAND AMD MCR 007625
- Marketing Name
- Signature 18
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 214.8 x 128.6
- Year Built
- 1961
- Total # of Units
- 18
- # of Buildings
- 3
- Zoning
- R-4
- Elementary School District
- Washington Elementary District
- High School District
- Glendale Union High School District
- Uncvrd Parking Spcs
- 0
Remarks Misc
- Cross Street
- N. 19th Avenue and W. Bethany Home Road
Status Change Info
- Off Market Date
- 2018-09-18
- Under Contract Date
- 2018-08-16
- Close of Escrow Date
- 2018-10-28
Legal Info
- Township
- 2N
- Range
- 2E
- Section
- 12
- Lot Number
- 10
More Information
Income Expenses
- Gross Annual Sch Inc
- 219600
- Net Operating Income
- 152543
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 850
- Avg SqFt
- 600
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 6
- Avg Rent
- 950
- Avg SqFt
- 800
- # Baths
- Yes
3 Bedrooms Units
- # 3 Bedroom Units
- 8
- Avg Rent
- 1150
- Avg SqFt
- 1000
- # Baths
- 2
Contact Info
- List Agent Home Phn
- 602-735-5634
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Built-Up
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 0
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 0
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 6532.42
- Other Income
- 4500
- Vacancy Allowance
- 0.06
- Adjusted Gross Inc
- 210654
Pmt & Rate Info
- Cap Rate
- 6.04
- Down Payment
- 757500
- Equity
- 2525000
- Down Payment %
- 30
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Payment Includes
- Principal
- Yes
- Interest
- Yes
Community Features
- Pool
- Yes
- Manager Res/Office
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
Cooling
- Electric
- Yes
- Individual
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Green Landscaping
- Yes
- Desert Landscaping
- Yes
- Fenced
- Yes
Interior Features
- Unfurnished
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- >1 Space Per Unit
- Yes
Electric
- Individual Meter
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Conventional
- Yes
Existing 1st Loan
- Conventional
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features