Signature 18 Apartments
Multifamily | 18 Units | $249,722/unit
Marketing description
Signature 18 Apartments is a multifamily investment property located at 2014 W. Berridge Ln in Phoenix, Arizona. Built in 1961 and renovated in 2023, this 18-unit apartment complex offers 15,200 square feet of rentable space with an average unit size of 800 square feet. The property is situated near Abrazo Hospital, Christown Spectrum Mall, and transit options, blending urban access with privacy.
The property boasts strong financials with a 7.04% actual cap rate in 2025. Recent capital improvements include investments in aesthetics, efficiency, and security, including landscaping and exterior enhancements. Upgraded units feature new stainless steel appliances, and facility upgrades include roof re-sealing, pool pump improvements, and the addition of a dog run to enhance community feel. This investment-ready property offers immediate cash flow with potential for future savings and tenant satisfaction, making it an attractive Phoenix market investment.
Investment highlights
- Central Phoenix Location: Situated near Abrazo Hospital, Christown Spectrum Mall, and transit options, blending urban access with privacy.
- Strong Financials: Boasts a 7.04% actual cap rate in 2025 indicating strong profitability.
- Capital Improvements: Recent investments in aesthetics, efficiency, and security, including landscaping and exterior enhancements.
- Upgraded Units: Apartments feature new stainless steel appliances, adding to tenant appeal.
- Facility Upgrades: Roof re-sealing and pool pump improvements for maintenance efficiency; addition of a dog run enhances community feel.
- Investment Ready: Immediate cash flow with potential for future savings and tenant satisfaction, making it an attractive Phoenix market investment.
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