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$3,895,000

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28 Beds

Active

2020 W ORANGEWOOD Avenue Phoenix, AZ 85021

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Paul Sanchez

paul@phxreco.com +1(623) 388-1338

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Terra Bella

MLS Listing ID 7004263

Bedrooms 28

Maintenance Fees $12,150

Year Built 1986

Annual Tax Amount $5,371

Tax Year 2025

Lot Dimensions 12,458

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Community Terra Bella

Area Maricopa

Zoning R-4

Interior

Heating Varies by Unit, Electric

Cooling Varies by Unit

Flooring Vinyl

Appliance Built-In Range, Disposal, Refrigerator, Microwave, Washer/Dryer

Exterior

Parking Features Paved, 1 Space/Unit

Community Features Pool

Roof Type Composition

Private Pool Yes

Building

Sewer Public Sewer

Water Master Meter, City Franchise

New Construction No

Schools

School District Glendale Union High School District

Others

Senior Community No

Tax ID 157-19-141

Ownership Fee Simple

Acceptable Financing Cash, Conventional, 1031 Exchange

Disclosures None

Listing Terms Cash, Conventional, 1031 Exchange

Listed by Matthews Real Estate Investment Services • Bradley Skenderian

NEARBY SCHOOL & BUSINESS

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Paul Sanchez

Agent SASA659433000

+1(623) 388-1338

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2020 W ORANGEWOOD Avenue Phoenix, AZ 85021

Paul Sanchez

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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2020 W ORANGEWOOD Avenue