Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
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MLS# 7004263 – 2020 W Orangewood Avenue, Phoenix, AZ 85021

$3,895,000 - Br/Ba - for Sale in Terra Bella, Phoenix
Price: $3,895,000
Units: 27
Property Type: Multiple Dwellings
Status: Active
Year Built: 1986
Neighborhood: Terra Bella
Days on Website: 37

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.

Open House

Property Details and Features

  • Appliances & Equipment
  • “Built-In Range”
  • “Disposal”
  • “Refrigerator”
  • “Microwave”
  • “Washer/Dryer”
  • Building
  • Built in 1986
  • Construction materials: “Wood Frame”, “Painted”, “Stucco”
  • 27 total units
  • Cooling
  • “Individual”
  • Expenses
  • Electric: $4,704
  • Insurance: $7,568
  • Maintenance: $12,150
  • Water sewer: $10,679
  • Floors
  • “Vinyl”
  • Heating
  • “Individual”
  • “Electric”
  • Listing
  • Listing ID: 7004263
  • Standard status: Active
  • 34 days on market
  • Location
  • Subdivision name: TERRA BELLA
  • Parking
  • “Paved”
  • “1 Space/Unit”
  • 27 total parkings
  • Property
  • Zoning: R-4
  • Roof
  • “Composition”
  • Schools
  • High school district: Glendale Union High School District
  • Security Features
  • “Security Light(s)”
  • Sewer
  • “Public Sewer”
  • Taxes
  • Annual amount: $5,371
  • Lot: 2
  • Utilities
  • “SRP”

Property Map

$3,895,000 – 2020 W Orangewood Avenue, Phoenix, AZ 85021

Street View

Nearby Schools

Similar Properties Nearby

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.

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