1942 W BERRIDGE Lane, Phoenix AZ 85015
$2,200,000
Brokerage: Ivy Realty(623) 299-4954
Home facts
- Price
- $2,200,000
- Status
- Active
- Beds
- 24
- Baths
- 72
- Year built
- 1963
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- PARK MARYLAND AMD
- MLS #
- 6865139
Listed by ABI Multifamily · 602-714-1400
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
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.
Features
Roof
Built-Up
Sewer
Sewer - Public
Cooling
Central Air
Heating
Electric
Electric
Other (See Remarks)
Flooring
Ceramic Tile, Vinyl, Concrete
WaterSource
City Franchise
ParkingFeatures
>1 Space Per Unit
ExteriorFeatures
Sidewalk(s)
CommunityFeatures
Other
ConstructionMaterials
Painted, Block, Brick
Map
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:32 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).