Properties
Phoenix, AZ 85021 2020 W ORANGEWOOD Avenue
$3,895,000
10 more
Presented By: Matthews Real Estate Investment Services; 310-388-0788
Home Details
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.
Presented By: Matthews Real Estate Investment Services; 310-388-0788
Interior Features for 2020 W ORANGEWOOD Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringVinyl
Heating Y/NYes
General for 2020 W ORANGEWOOD Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.0
Carport Y/NNo
CityPhoenix
Community FeaturesPool
Construction MaterialsWood Frame, Painted, Stucco
CoolingIndividual
CountyMaricopa
DisclosuresNone
ElectricSRP
Electric Expense4704.0
Garage Y/NNo
Gross Income320083.5
HeatingIndividual, Electric
High School DistrictGlendale Union High School District
Insurance Expense7568.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense12150.0
MobileHomeRemainsYNNo
Net Operating Income233612.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total27
Open Parking Spaces27.0
Operating Expense64082.0
OwnerPaysTrash Collection, Water
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Security FeaturesSecurity Light(s)
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameTERRA BELLA
Tax Annual Amount5371.0
Tax Lot2
Tax Year2025
Township2N
Trash Expense1942.0
Water Sewer Expense10679.0
Year Built1986
ZoningR-4
Exterior for 2020 W ORANGEWOOD Avenue
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions12, 458
Number of Buildings1
Parking FeaturesPaved, 1 Space/Unit
Road Surface TypeAsphalt
SpaNo
Total Parking27.0
Water SourceMaster Meter, City Franchise
Additional Details
Price History
