Matthews Logo

Navigation Menu

2020 W Orangewood Ave, Phoenix, AZ, 85021

The Mojave

$3,995,000

Key Information

Cap Rate
4.9%
Proforma Cap
5.74%
$ per SF
$321
Tot. SF
12,458
Lot Size
0.94 Acres
Units
27
Year Built
1986 | R-2022
Type
Apartments
Occupancy
85%
NOI
$195,606

Highlights

• 27-Unit Multifamily Community | Built 1986, Renovated 2021–2022 – Extensively upgraded asset with recent interior and exterior improvements.
• Efficient Unit Mix – (24) Studios, (2) 1 Bed / 1 Bath, (1) 2 Bed / 1.5 Bath. Average Unit Size: ± 461 SF, offering affordable and efficient layouts.
• Renovated Interiors – All units feature modern finishes and in-unit washer/dryer.
• Exterior Improvements – Significant upgrades completed, including a new roof in 2021.
• Attractive Cost Basis – Opportunity to acquire renovated product at a below market average cost basis
• Assumable Agency Loan – 76% LTV, at 5.06% Interest Rate until October 2027

Photos

Location

Agents

Broker of Record

Milton Braasch II

License # BR704344000, LC723965000 (AZ)
Matthews of Arizona, LLC
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251