2020 W ORANGEWOOD Avenue, Phoenix AZ 85021
$3,895,000
Brokerage: Ivy Realty(623) 299-4954
Home facts
- Price
- $3,895,000
- Status
- Active
- Beds
- 28
- Baths
- 41
- Year built
- 1986
- Type
- F
- Pool
- Yes
- Water
- Master Meter, City Franchise
- Sewer
- Sewer - Public
- Subdivision
- TERRA BELLA
- MLS #
- 7004263
Listed by Matthews Real Estate Investment Services · 310-388-0788
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
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
Roof
Composition
Sewer
Sewer - Public
Cooling
Individual
Heating
Individual, Electric
Electric
SRP
Flooring
Vinyl
WaterSource
Master Meter, City Franchise
ParkingFeatures
Paved, 1 Space/Unit
CommunityFeatures
Pool
ConstructionMaterials
Wood Frame, Painted, Stucco
Map
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:32 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).