Courtesy of Matthews Real Estate Investment Services
Property Description
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.
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Property Details and Features
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Appliances & Equipment
- “Built-In Range”
- “Disposal”
- “Refrigerator”
- “Microwave”
- “Washer/Dryer”
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Building
- Built in 1986
- Construction materials: “Wood Frame”, “Painted”, “Stucco”
- 27 total units
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Cooling
- “Individual”
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Expenses
- Electric: $4,704
- Insurance: $7,568
- Maintenance: $12,150
- Water sewer: $10,679
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Floors
- “Vinyl”
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Heating
- “Individual”
- “Electric”
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Listing
- Listing ID: 7004263
- Standard status: Active
- 34 days on market
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Location
- Subdivision name: TERRA BELLA
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Parking
- “Paved”
- “1 Space/Unit”
- 27 total parkings
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Property
- Zoning: R-4
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Roof
- “Composition”
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Schools
- High school district: Glendale Union High School District
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Security Features
- “Security Light(s)”
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Sewer
- “Public Sewer”
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Taxes
- Annual amount: $5,371
- Lot: 2
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Utilities
- “SRP”
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Market Trends for 85021, Phoenix, AZ
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This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.