2020 W Orangewood Avenue, Phoenix, AZ 85021
- $3,895,000
- 28
- BD
- 41
- BA
- List Price
- $3,895,000
- Status
- ACTIVE
- Days on Market
- 168
- MLS#
- 7004263
- City
- Phoenix
- Bedrooms
- 28
- Bathrooms
- 41
- Year Built
- 1986
Property Description
The Mojave is a 27-unit, garden-style multifamily community located in Phoenix, AZ. Originally constructed in 1986 and extensively renovated in 2022, current and previous ownership has invested over $680,000 in capex into the property including a full interior renovation package on all 27 units (all with washer/dryer), new roof, asphalt replacement, upgraded landscaping, exterior painting and fencing, more. Even with significant capital improvements made over the past 5 years, new ownership can capture immediate upside by replacing the grass area with artificial turf, which will generate an estimated $5,000 to $10,000 in annual expense savings. This is a compelling opportunity for investors seeing a true turnkey, cash flowing asset with additional upside potential.
/u.realgeeks.media/getmultifamily/header.png)
Additional Information
- Taxes
- $5,371
- Net Operating Income
- $233,612
- Cap Rate
- 6
- Units
- 27
- Parking Features
- 1 Space/Unit, Paved
- Construction
- Wood Frame, Painted, Stucco
- Roofing
- Composition
- Cooling
- Varies by Unit
- Heating
- Electric, Varies by Unit
- Zoning
- R-4
- Subdivision
- Terra Bella
- Community Features
- Pool
- Electric
- SRP
- Water
- Master Meter, City Franchise
- Tenant Pays
- Electricity
- New Financing
- Conventional, 1031 Exchange, Cash
Courtesy of Matthews Real Estate Investment Services. 310-388-0788
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.