For Sale Multi-Family MLS# 7004263

2020 W ORANGEWOOD Avenue

Phoenix, AZ 85021

$3,895,000

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Listing Office

Officearizona-regional-mls-rsd logoMatthews Real Estate Investment Services
AgentBradley Skenderian
Phone310-388-0788

About 2020 W ORANGEWOOD Avenue

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 details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1986
Original price
$3,895,000
MLS #
7004263

Interior

Features
true, Varies by Unit, true, Varies by Unit, Electric, Vinyl
Flooring
Vinyl
Heating
true, Varies by Unit, Electric
Cooling
true, Varies by Unit

Exterior & lot

Features
Paved, 1 Space/Unit, Parking spaces: 27
Construction
Wood Frame, Painted, Stucco, Composition
Roof
Composition
Lot
R-4, LOT 2 TERRA BELLA MCR 102212, 15719141
Parking
Paved, 1 Space/Unit

Schools

District
Glendale Union High School District

Utilities

Utilities
Public Sewer, Master Meter, City Franchise, SRP, Electricity on Property
Water
Master Meter, City Franchise
Sewer
Public Sewer
Security
Security Light(s)

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$5,371
Tax year
2025
Parcel
15719141
Legal
LOT 2 TERRA BELLA MCR 102212

Location

Subdivision
TERRA BELLA
County
Maricopa
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Glendale Union High School District

Location

Neighborhood
TERRA BELLA
School district
Glendale Union High School District

Interested in this home?

Questions on 2020 W ORANGEWOOD Avenue, Phoenix, AZ 85021, or want to see it in person?

The Anderson Team · (480) 900-9140

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