Renovated Multifamily Community in
For Sale
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2020 W Orangewood Ave, Phoenix, AZ 85021
27-unit Phoenix multifamily property renovated in 2022.
Property SizeContact for details
Days on Market153
Property Features for 2020 W Orangewood Ave
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Zoning
R-4
Occupancy
93%
Net Operating Income
$195,606
Building Details
Year Built
1986
Year Renovated
2021
Buildings
1
Stories
2
Units
27
Listing Agency:
Matthews
Listed By:
Brad Skenderian · License #SA692958000 (AZ)
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 21 at 11:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
The Mojave is a 27-unit, garden-style multifamily community located in Phoenix, AZ. Constructed in 1986 and extensively renovated in 2022, the property has seen over $680,000 in capital expenditures. Renovations include a full interior renovation package on all 27 units, a new roof, asphalt replacement, upgraded landscaping, exterior painting, and fencing. Interior renovations feature upgraded kitchens with new shaker cabinetry and countertops, stainless steel appliances, upgraded wood-plank flooring, modern lighting and plumbing fixtures, and in-unit stackable washer/dryers. The property is designed around a landscaped central courtyard, creating a residential environment. Located in North Central Phoenix, the property benefits from access to Interstate 17, as well as proximity to employment, retail, and entertainment amenities. Residents have close access to the Christown Spectrum shopping center, the Metrocenter redevelopment area, and dining and service options along the Camelback and Northern corridors. The property is positioned as an investment opportunity within one of Phoenix’s established rental corridors.
Key Highlights
- Extensive Renovation: $680,000+ invested in capital improvements, including full interior renovation of all 27 units in 2022
- Modern Unit Finishes: Upgraded kitchens with shaker cabinetry, countertops, stainless steel appliances, wood‑plank flooring, modern lighting/plumbing, and in‑unit washer/dryers
- Prime Location: Strategically located in North Central Phoenix with convenient access to I‑17 and proximity to employment, retail, and entertainment amenities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,098
Businesses Nearby
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Business Placement
Demographics for 85021, AZ
40,943
Population
18,136
Households
2.3
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,934
Density / Sq Mi
$58,481
Median Household Income
$38,147
Median Earnings
$1,221
Median Rent
$433,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 27-unit Phoenix multifamily property renovated in 2022.
Where is this apartment building located?
The property is located at 2020 W Orangewood Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,895,000.
What are key features of this property?
This property features: Extensive Renovation: $680,000+ invested in capital improvements, including full interior renovation of all 27 units in 2022; Modern Unit Finishes: Upgraded kitchens with shaker cabinetry, countertops, stainless steel appliances, wood‑plank flooring, modern lighting/plumbing, and in‑unit washer/dryers; Prime Location: Strategically located in North Central Phoenix with convenient access to I‑17 and proximity to employment, retail, and entertainment amenities
