ABI Multifamily is proud to present the exclusive offering of Lamego Palms—a fully renovated, turn-key 12-unit multifamily asset located in the heart of vibrant Central Phoenix. This rare investment opportunity delivers immediate cash flow and substantial long-term upside in one of the city's most dynamic and accessible submarkets. Lamego Palms features spacious, thoughtfully updated 2-bedroom, 1-bathroom units, each spanning approximately 900 square feet. Every residence is outfitted with modern finishes, upgraded kitchens and bathrooms, and in-unit washer and dryers—premium amenities that elevate tenant satisfaction and support strong retention. Residents enjoy the comfort of large, open floor plans, private in-home laundry, and contemporary interiors that feel like home from day one.
For sale
Price cut: $20K (7/15)
$2,530,000
1942 W Berridge Ln, Phoenix, AZ 85015
24beds
6baths
10,800sqft
Est.:
Multi Family
Built in 1963
-- sqft lot
$-- Zestimate®
$234/sqft
$-- HOA
What's special
Modern finishesLarge open floor plansContemporary interiorsUpgraded kitchensIn-unit washer and dryersPrivate in-home laundry
- 84 days
- on Zillow |
- 281 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: July 15, 2025 at 09:06am
Listed by:
Andrew Arambula 602-714-8994,
ABI Multifamily,
Thomas Palestina 602-714-1297,
ABI Multifamily
Source: ARMLS,MLS#: 6865139

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 6
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Disposal, Dishwasher, Free-Standing Electric Oven, Washer/Dryer
Features
- Flooring: Ceramic Tile, Vinyl, Concrete
Interior area
- Total structure area: 10,800
- Total interior livable area: 10,800 sqft
Property
Parking
- Total spaces: 28
- Parking features: >1 Space Per Unit
- Covered spaces: 12
- Uncovered spaces: 16
Lot
- Size: 0.42 Acres
- Dimensions: 143.08 x 129.27 x 143.08 x 129.27
Details
- Parcel number: 15613084A
- Zoning: R-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block, Brick
- Roof: Built-Up
Condition
- Year built: 1963
Utilities & green energy
- Electric: Other (See Remarks)
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: Other
- Subdivision: PARK MARYLAND AMD
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $234/sqft
- Annual tax amount: $5,349
- Date on market: 5/12/2025
- Listing terms: Other (See Remarks)
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
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