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1942 W Berridge Ln, Phoenix, AZ 85015

$2,200,000
  • 24

    bed

  • 6

    bath

Multi-family for sale 501 days
$285K price drop
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About 1942 W Berridge Ln

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Property description
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.
Listed by
Listing Agent - Andrew Arambula
Listing Office - ABI Multifamily
Source: ARMLS mls logo
MLS#6865139 • last updated 4 days ago
Movoto checked ARMLS for data 6 minutes ago
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Overview
Cooling/AC Central Air
Heating Electric
MLS # 6865139
Type Multiple Dwellings
Status Active
Property Tax 5349
Year Built 1963
Interior
Total # of Bathrooms 72
Total # of Bedrooms 24
Flooring Ceramic Tile, Vinyl, Concrete
Appliances Disposal, Dishwasher, Free-Standing Electric Oven, Washer/Dryer
Exterior
Roof Built-Up
Construction Painted, Block, Brick
Parking >1 Space Per Unit
# of Open Parking Spaces 16
# of Covered Spaces 12
Exterior Features Sidewalk(s)
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision PARK MARYLAND AMD
Community Features Other
High School District Glendale Union High School District
APN 156-13-084-A
Zoning R-4
Multifamily Details
Total # of Units 12
Expense: Operating 5349
Financial Data Source Other (See Remarks)
Lot/ Land Details
Road Surface Asphalt
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3/10
Maryland Elementary School
public Grades PK, K-8
Washington Elementary School District
7/10
Washington High School
public Grades 9-12
Glendale Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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62/100
Walk
90/100
Family
93/100
Dining
98/100
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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85015
  • Alhambra
  • 1942 W Berridge Ln

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