1942 W BERRIDGE Lane, Phoenix, AZ 85015
$2,550,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$2,550,000
Last Modified:
5/12/2025
Description
ABI Multifamily is proud to present the exclusive offering of Lamego Palms—a fully renovated, turn-key 12-unit multifamily asset located in the heart of vibrant Central Phoenix. This rare investment opportunity delivers immediate cash flow and substantial long-term upside in one of the city's most dynamic and accessible submarkets. Lamego Palms features spacious, thoughtfully updated 2-bedroom, 1-bathroom units, each spanning approximately 900 square feet. Every residence is outfitted with modern finishes, upgraded kitchens and bathrooms, and in-unit washer and dryers—premium amenities that elevate tenant satisfaction and support strong retention. Residents enjoy the comfort of large, open floor plans, private in-home laundry, and contemporary interiors that feel like home from day one.
More Information MLS# 6865139
Contract Info
Current Price: $2,550,000
List Price: $2,550,000
Status: Active
List Date: 2025-05-12
Ownership: Fee Simple
Location Tax Legal
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: 2024
General Property Description
Lot Size Dimensions: 143.08x129.27x143.08x129.27
Year Built: 1963
Uncvrd Parking Spcs: 16
Total # of Units: 12
# of Buildings: 2
Zoning: R-4
High School District: Glendale Union High School District
Remarks Misc
Geo Lat: 33.526671
Geo Lon: -112.101765
Status Change Info
Status Change Date: 2025-05-12
Legal Info
Township: 2N
Range: 2E
Section: 12
Lot Number: 8
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 12
Avg Rent: 1350
Avg SqFt: 900
# Baths: 6
Property Features
Project Type: 5 - 12 Units
Construction: Block; Brick
Const - Finish: Painted
Roofing: Built-Up
Floors: Concrete; Vinyl; Ceramic Tile
Sale Includes: Other (See Remarks)
Community Features: Other
Appliances Included: Free-Standing Electric Oven; Dishwasher; Disposal; Washer/Dryer
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: None
Parking Features: >1 Space Per Unit
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Other (See Remarks)
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: May - 12 - 2025
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