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1942 W Berridge Lane, Phoenix, AZ 85015

Phoenix
Local realty services provided by:CENTURY 21 Toma Partners
1942 W Berridge Lane,Phoenix, AZ 85015
$2,200,000
  • 24 Beds
  • 72 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: andrew arambula, thomas palestina
Office: abi multifamily
MLS#:6865139
Source:ARMLS

Price summary

  • Price:$2,200,000

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.

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Home facts

  • Year built:1963
  • Subdivision & Development:PARK MARYLAND AMD
  • Listing ID #:6865139
  • Updated:October 04, 2026 at 03:10 PM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:72
  • Flooring:Ceramic Tile, Concrete, Vinyl

Heating and cooling

  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1963
  • Construction Materials:Block, Brick, Painted

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$2,200,000
  • Tax amount:$5,349 (2024)

Parking

  • Total parking spaces:28
  • Parking description:More Than 1 Parking Space/Unit
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. ARMLS Member Broker: Benjamin Toma

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