2020 W Orangewood Ave | Phoenix, AZ 85021
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- LoopNet Team
2020 W Orangewood Ave
Phoenix, AZ 85021
Mojave Apartments · Multifamily Property For Sale
·
27 Units
INVESTMENT HIGHLIGHTS
- Stabilized/Renovated/Cash Flowing Opportunity with Rental Upside
- Attractive 5.06% Assumable Agency Financing with Interest Only Payments Through Oct 2024
- Significant Capital Improvements Completed in 2021/2022
- 5.07% In-Place Cap Rate
- Positive Leverage and 5% Cash-on-Cash Return Day 1
- 1986 Construction, Low Maintenance Asset with Strong Bones and Recently Replaced Building Systems
PROPERTY FACTS
| No. Units | 27 | Lot Size | 0.94 AC |
| Property Type | Multifamily | Building Size | 12,935 SF |
| Property Subtype | Apartment | Average Occupancy | 93% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1986/2022 |
| Zoning | R-4 | ||
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 12,935 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2022 |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 24 | - | 425 - 600 |
| 1+1 | 2 | - | 950 |
| 2+2 | 1 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 157-19-141 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $42,268 |
PROPERTY TAXES
Parcel Number
157-19-141
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$42,268
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