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2020 W ORANGEWOOD Avenue Phoenix, AZ $ 3,895,000
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2020 W ORANGEWOOD Avenue
$ 3,895,000
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2020 W ORANGEWOOD Avenue

Phoenix, AZ, 85021
$ 3,895,000
Baths0.0

Monthly Estimate*

$ 23,982

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $3,895,000. This home was built in 1986.

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.

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Multi-Family Active

Price

$ 3,895,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,371

Style

Multiple Dwellings

Year Built

1986

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7004263
Features
General
Sewer Public Sewer
Heating Individual Electric
Cooling Individual
Roof Composition
Zoning R-4
Security Features Security Light(s)
Construction Materials Wood Frame Painted Stucco
Year Built 1986
Electric SRP
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 320083.5
Community Features Pool
County Maricopa
Net Operating Income 233612.0
Operating Expense 64082.0
Insurance Expense 7568.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 12150.0
Subdivision Name TERRA BELLA
Garage Y/N N
Status Active
City Phoenix
Disclosures None
High School District Glendale Union High School District
Open Parking Spaces 27.0
Number Of Units Total 27
Carport Y/N N
Tax Annual Amount 5371.0
Electric Expense 4704.0
Trash Expense 1942.0
Water Sewer Expense 10679.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Lot 2
Cap Rate 6.0
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Paved 1 Space/Unit
Water Source Master Meter City Franchise
Total Parking 27.0
Number of Buildings 1
Spa N
Lot Dimensions 12 458
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2020
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* Excluded Features
List By
Matthews Real Estate Investment Services

Broker

brad.skenderian@matthews.com

Email

Affordability Calculator

$24,430
Per Month
98%
2%
0%
Monthly Principal & Interest
$23,982
Monthly Property Taxes
$448
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327134 Elementary School
4327258 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/26/2026$3,895,000 Listed Price

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2020 W ORANGEWOOD Avenue, Phoenix, AZ, 85021 is a Multi-Family Home for sale at $3,895,000. 2020 W ORANGEWOOD Avenue is a studio with 0.0 baths and was built in 1986. The property's zip code is 85021 which is in Phoenix, AZ

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