Lamego Palms 1942 W Berridge Ln 12 Unit Apartment Building $2,485,000 ($207,083/Unit) Phoenix, AZ 85015

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. The community also offers the charm and quiet of low-density, garden-style living, complemented by mature landscaping, covered parking, and refreshed communal areas—features that promote a peaceful, convenient, and connected lifestyle.
Situated on a meticulously maintained 0.423-acre lot, the property showcases beautifully restored, two-story buildings that exude character and quality craftsmanship. Every detail, from the landscaping to the upgraded infrastructure, reflects pride of ownership and a commitment to long-term value. Lamego Palms stands out as a truly turn-key investment—offering not just a stabilized asset, but a thoughtfully curated living environment that attracts quality tenants and fosters community.
The location offers unmatched connectivity, just minutes from the Christown Spectrum Mall, Montebello/19th Ave Light Rail Station, and major employment centers including Grand Canyon University, Abrazo Central Campus, and Downtown Phoenix. Residents benefit from convenient access to shopping, dining, healthcare, education, and public transit, making Lamego Palms a highly desirable rental choice for a diverse tenant base. With all major capital improvements completed and stabilized operations in place, Lamego Palms represents a compelling opportunity for investors seeking hassle-free ownership, strong in-place income, and exposure to one of Phoenix’s most promising multifamily corridors.