BEDS0
BATHS
MLS#7004263
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONTERRA BELLA
SCHOOLGlendale Union High School District
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Varies by Unit
Heating: Electric, Varies by Unit
Roof Type: Composition
Taxes: $5,371
Year Built: 1986
Feature Descriptions
Community Features: Pool
Days on Site: 63
Exterior: Wood Frame, Painted, Stucco
Parking: 1 Space/Unit, Paved
Swimming Pool: Yes
Water: Master Meter, City Franchise
Local Schools
School District: Glendale Union High School District
Listed By / Shown By
Listed By
Agency Name: Matthews Real Estate Investment Services
Agency Phone: 310-388-0788
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimate Your Payment
Estimated Payment
$ 10,252.21 per month $8,668.58 Principal & Interest $447.58 Property Tax $1,136.04 Homeowner's Insurance
2020 W Orangewood Avenue | MLS# 7004263
This multi-family property located at 2020 W Orangewood Avenue, Phoenix, AZ 85021 is currently listed for sale with an asking price of $3,895,000. W Orangewood Avenue is located within the Glendale Union High School District school district. Search Phoenix real estate on www.arizonabest.com today.