Signature 18, a fully occupied gated complex in Phoenix, offers a stellar investment with a 6.15% cap rate and a net operating income of $354, 339. Located near Abrazo Hospital, Christown Spectrum Mall, and transit, it blends city access with quiet living. Recent capital improvements have boosted aesthetics, efficiency, and security, including desert landscaping to cut water costs, repaved parking, and refreshed exteriors. Security upgrades feature LED motion lights and cameras, alongside modern gate locks. Units are enhanced with stainless steel appliances and new roof sealing, plus a swimming pool pump upgrade. A new dog run adds to the community vibe. This turn-key property ensures immediate income and potential for appreciation, making it an outstanding choice for Phoenix investors.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$5,760,000
Days Online
41 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1961
MLS® Number
6688318
Status
Active
Property Tax
$7,188
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Recent Activity
a month ago
Listing updated with changes from the MLS®
a month ago
Listing first seen online
General Features
Construction
Brick VeneerStuccoStoneBlock
Parking
1 Space/ Unit
Parking Spaces
19
Sewer
Public Sewer
Acreage
0
Cross Street
N 19th Ave & W. Berridge Ln
Attached Garage
No
Zoning
R-4
Interior Features
Cooling
IndividualElectric
Heating
IndividualElectric
Appliances
F/ S Oven/ RangeMicrowaveWasher/ Dryer
Flooring
Vinyl
Save
Ask
Tour
Hide
Share
Exterior Features
Roof
Built- Up
Community Features
Township
2N
Community Features
ClubhouseManager Res/ OfficePool
Schools
School District
Washington Elementary District
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of HomeSmart.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data Last Update: 2024-05-16 09:35 PM UTC
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.