1942 W Berridge Lane, Phoenix, AZ 85015

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
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:September 25, 2026 at 03:16 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.

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