Multifamily
The Mojave
2020 W Orangewood Ave, Phoenix, AZ 85021
Listing Price: $5,250,000
Investment Overview
Marcus & Millichap is pleased to announce the opportunity to acquire The Mojave, a 27-unit multifamily community located one block west of 19th Avenue and a half mile south of Northern Avenue in Phoenix’s Christown submarket where multifamily renovation and development is booming.
The Mojave
Investment Highlights
- Stabilized/Renovated/Cash Flowing Opportunity with Rental Upside
- 5.07% In-Place Cap Rate
- Attractive 5.06% Assumable Agency Financing with Interest Only Payments Through Oct 2024
- Positive Leverage and 5% Cash-on-Cash Return Day 1
- Significant Capital Improvements Completed in 2021/2022
- 1986 Construction, Low Maintenance Asset with Strong Bones and Recently Replaced Building Systems
- Proven Collection History Since Reaching Stabilization
Exclusively Listed By
Listing Price: $5,250,000
Investment Highlights
- Stabilized/Renovated/Cash Flowing Opportunity with Rental Upside
- 5.07% In-Place Cap Rate
- Attractive 5.06% Assumable Agency Financing with Interest Only Payments Through Oct 2024
- Positive Leverage and 5% Cash-on-Cash Return Day 1
- Significant Capital Improvements Completed in 2021/2022
- 1986 Construction, Low Maintenance Asset with Strong Bones and Recently Replaced Building Systems
- Proven Collection History Since Reaching Stabilization
Investment Overview
Marcus & Millichap is pleased to announce the opportunity to acquire The Mojave, a 27-unit multifamily community located one block west of 19th Avenue and a half mile south of Northern Avenue in Phoenix’s Christown submarket where multifamily renovation and development is booming.
Exclusively Listed By
