For sale

$3,895,000

2020 W ORANGEWOOD Avenue, Phoenix, AZ 85021

3beds

3baths

12,468sqft

$24,120/mo

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Multi Family

Built in 1986

-- sqft lot

$-- Zestimate^®

$312/sqft

$-- HOA

What's special

Upgraded landscapingAsphalt replacementExterior painting and fencingNew roof

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.

166 days
106
3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

Individual, Electric

Cooling

Individual

Appliances

Included: Built-In Range, Disposal, Refrigerator, Microwave, Washer/Dryer

Features

Flooring: Vinyl

Interior area

Total structure area: 12,468
Total interior livable area: 12,468 sqft

Property

Parking

Total spaces: 27
Parking features: Paved, 1 Space/Unit
Uncovered spaces: 27

Features

Has private pool: Yes

Lot

Size: 0.29 Acres
Dimensions: 12,458

Details

Parcel number: 15719141
Zoning: R-4

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame, Painted, Stucco
Roof: Composition

Condition

Year built: 1986

Utilities & green energy

Electric: SRP
Sewer: Public Sewer
Water: Master Meter, City Franchise

Community & HOA

Community

Features: Pool
Security: Security Lights
Subdivision: TERRA BELLA

Location

Region: Phoenix

Financial & listing details

Price per square foot: $312/sqft
Annual tax amount: $5,371
Date on market: 3/26/2026
Cumulative days on market: 166 days
Listing terms: Conventional,1031 Exchange
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
3/26/2026	Listed for sale	$3,895,000-25.8%$312/sqft
Source: ARMLS #7004263 Report a problem
12/13/2023	Listing removed	--
Source: ARMLS #6533715 Report a problem
5/10/2023	Listing removed	$5,250,000$421/sqft
Source: ARMLS #6533715 Report a problem
3/20/2023	Listed for sale	$5,250,000$421/sqft
Source: ARMLS #6533715 Report a problem
5/25/2017	Listing removed	$500
Source: Simply Property Management Phoenix Report a problem
10/28/2015	Listed for rent	$500
Source: Simply Property Management Report a problem