Cap Rate
6%
$ per SF
$313
Tot. SF
12,458
2020 W Orangewood Ave, Phoenix, AZ, 85021
The Mojave$3,895,000
Key Information
Lot Size
0.94 Acres
$ per unit
$144,000
Units
27
Year Built
1986 / 2022 (R)
Type
Apartments
NOI
$195,606
Highlights
- Fully Renovated Asset: 27-unit multifamily community built in 1986 and extensively upgraded in 2021–2022 with modern interior and exterior improvements.
- Efficient Unit Mix: Property features 24 studios, 2 one-bedroom/one-bath units, and 1 two-bedroom/one-and-a-half-bath unit.
- Affordable Layouts: Average unit size is approximately 461 SF, providing efficient and affordable living spaces.
- Modern Interiors: All units include upgraded finishes and in-unit washer/dryer for tenant convenience.
- Significant Exterior Upgrades: Recent improvements include a new roof (2021) and other major exterior enhancements.
- Attractive Cost Basis: Opportunity to acquire a renovated property at a below market average cost basis.
- Assumable Agency Loan: 76% loan-to-value, 5.06% interest rate, assumable until October 2027.
Photos
Location
Agents
B
Brad SkenderianLicense # SA692958000 (AZ)
K
Kyle InmanLicense # SA691658000 (AZ)
Broker of Record
David Harrington
License # CO701910000, BR715518000 (AZ)Matthews Real Estate Investment Services, Inc4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251