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2014 W. Berridge Ln
Phoenix, AZ 85015
Asking Price
$4.50M
Cap Rate
6.09%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 18 Units | $249,722/unit <ul><li>Central Phoenix Location: Situated near Abrazo Hospital, Christown Spectrum Mall, and transit options, blending urban access with privacy.</li><li>Strong Financials: Boasts a 7.04% actual cap rate in 2025 indicating strong profitability.</li><li>Capital Improvements: Recent investments in aesthetics, efficiency, and security, including landscaping and exterior enhancements.</li><li>Upgraded Units: Apartments feature new stainless steel appliances, adding to tenant appeal.</li><li>Fa
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NOI
$80,000
Cap Rate
1.78%
DSCR
0.30
Underwater
Cash-on-Cash
-13.86%
Monthly Payment
$22,238.807
Annual Cash Flow
$-186,865.689
