2020 W Orangewood Avenue, Phoenix, AZ 85021
- $3,895,000
- List Price
- $3,895,000
- Days on Market
- 123
- Status
- ACTIVE
- MLS#
- 7004263
- City
- Phoenix
- Subdivision
- Terra Bella
- 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.
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Additional Information
- Community Features
- Pool
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Varies by Unit
- Electric
- SRP
- Heating
- Electric, Varies by Unit
- New Financing
- Conventional, 1031 Exchange, Cash
- Parking Features
- 1 Space/Unit, Paved
- Roofing
- Composition
- Pool
- Yes
- Subdivision
- Terra Bella
- Taxes
- $5,371
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 27
- Water
- Master Meter, City Franchise
- Zoning
- R-4
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Listing courtesy of Matthews Real Estate Investment Services.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.