2020 W ORANGEWOOD Avenue, Phoenix, AZ 85021 (MLS# 7004263)

2020 W ORANGEWOOD Avenue, Phoenix, AZ 85021

$3,895,000

Property Type: Multiple Dwellings Status: Active

Current Price: $3,895,000 Last Modified: 3/26/2026

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.

More Information MLS# 7004263

Contract Info

Ownership: Fee Simple Current Price: $3,895,000 List Price: $3,895,000 Status: Active List Date: 2026-03-26

Location, Tax & Legal

Assessor's Map #: 19 Legal Description (Abbrev): LOT 2 TERRA BELLA MCR 102212 Assessor's Parcel #: 141 Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 106002 Taxes: 5371 Legal: LOT 2 TERRA BELLA MCR 102212 Marketing Name: Mojave House Number: 2020 Compass: W Street Name: ORANGEWOOD St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85021 Zip4: 7870 County Code: Maricopa Subdivision: TERRA BELLA Assessor Number: 157-19-141 Tax Year: 2025

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 27 Lot Size Dimensions: 12,458 Total # of Units: 27 High School District: Glendale Union High School District Year Built: 1986 Zoning: R-4

Legal Info

Range: 2E Section: 1 Township: 2N Lot Number: 2

Project Type

25 - 50 Units: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Composition: 1

Floors

Vinyl: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 4704 Annual Ins Exp: 7568 Annual Landscape Exp: 4725 Annual Legal & Acctg: 1190 Annual Maint Exp: 12150 Annual Mgmt Exp: 15753 Annual Trash Exp: 1942 Annual Wtr/Swr Exp: 10679 Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 64082 Other Income: 24570 Vacancy Allowance: 0.05 Adjusted Gross Inc: 320083.5

Pmt & Rate Info

Cap Rate: 6 Equity: 3895000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used Text: 1 Phone Call: 1

Lockbox Type

See Private Remarks: 1

Community Features

Pool: 1

Heating

Electric: 1 Individual: 1

Cooling

Individual: 1

Exterior Amenities

Landscape Water System: 1 Fenced: 1 Separate Storage: 1 Security Light(s): 1

Tenant Pays

Electricity: 1

Appliances Included

Disposal: 1 Microwave: 1 Refrigerator: 1 Built-In Range: 1 Washer/Dryer: 1

Road Access Type

City Street: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1

Water Source

City Franchise: 1 Master Meter: 1

Sewer

Sewer - Public: 1

Parking Features

1 Space/Unit: 1 Paved: 1

Electric

SRP: 1

Gas

None: 1

Owner Pays

Water: 1 Trash Collection: 1

New Financing

Cash: 1 Conventional: 1 1031 Exchange: 1

Existing 1st Loan

Other (See Rmks): 1

Existing 1st Loan Type

Fixed: 1

Existing 1st Loan Terms

Assume - Qualify: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

# Efficiency Units: 24 Avg Rent: 895 Avg SqFt: 407 # Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 2 Avg Rent: 1095 Avg SqFt: 750 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 1 Avg Rent: 1395 Avg SqFt: 1200 # Baths: 15

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Geo Lat: 33.546509 Geo Lon: -112.102885

Income Expenses

Gross Annual Sch Inc: 312360 Net Operating Income: 233612

Property Features

Project Type: 25 - 50 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Landscape Water System; Fenced; Separate Storage; Security Light(s) Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave; Washer/Dryer Heating: Individual Cooling: Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: 1 Space/Unit; Paved Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Phone Call Lockbox Type: See Private Remarks Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Assume - Qualify New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: Matthews Real Estate Investment Services

Last Updated: March - 26 - 2026