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.
Features of 2020 W Orangewood Avenue
| MLS® # | 7004263 |
|---|---|
| Price | $3,895,000 |
| Bedrooms | 28 |
| Bathrooms | 41.00 |
| Year Built | 1986 |
| Type | Multiple Dwellings |
| Status | Active |
Community Information
| Address | 2020 W Orangewood Avenue |
|---|---|
| Subdivision | TERRA BELLA |
| City | Phoenix |
| County | Maricopa |
| State | AZ |
| Zip Code | 85021 |
Amenities
| Amenities / Community Features | Pool |
|---|---|
| Parking Spaces | 27 |
| Parking | Paved, 1 Space/Unit |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Appliances | Built-In Range, Disposal, Refrigerator, Microwave, Washer/Dryer |
|---|---|
| Heating | Individual, Electric |
| Cooling | Individual |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Wood Frame, Painted, Stucco |
School Information
| District | Glendale Union High School District |
|---|
Additional Information
| Zoning | R-4 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Matthews Real Estate Investment Services |
|---|