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Multifamily

Mojave Apartments

2020 W Orangewood Ave, Phoenix, AZ 85021

Listing Price: $3,900,000

Cap Rate
4.56%
Number of Units
27
Price/Unit
$144,444
Price/Gross SF
$95.00
Gross SF
41,051

Investment Overview

Mojave Apartments is located one block west of 19th Avenue and a half mile south of Northern Avenue in the Christown submarket, where multifamily renovation and development is booming. Anchoring the neighborhood is the 1 million square foot Christown Spectrum Mall with its 50+ stores including Walmart and Target, adjacent to Albertson’s, Walgreens, Ross, and Fry’s. Built in 1986, Mojave Apartments has been recently renovated, providing tenants with new kitchens, bathrooms, flooring, and lighting. Mojave’s close proximity to I-17, Highway 51, and the Phoenix light rail gives tenants direct access to employment in Downtown Phoenix, Tempe, and Scottsdale. The Abrazo Central medical campus offers a 216-bed acute care facility within minutes of Mojave.

Investment Highlights

  • One block west of 19th Avenue and a half mile south of Northern Avenue in the Christown submarke
  • Has been recently renovated, providing tenants with new kitchens, bathrooms, flooring, and lighting.
  • Mojave's close proximity to I-17, Highway 51, and the Phoenix light rail gives tenants direct access to employment in Downtown Phoenix, Tempe, and Scottsdale.

Exclusively Listed By

Listing Price: $3,900,000

Cap Rate
4.56%
Number of Units
27
Price/Unit
$144,444
Price/Gross SF
$95.00
Gross SF
41,051

Investment Highlights

  • One block west of 19th Avenue and a half mile south of Northern Avenue in the Christown submarke
  • Has been recently renovated, providing tenants with new kitchens, bathrooms, flooring, and lighting.
  • Mojave's close proximity to I-17, Highway 51, and the Phoenix light rail gives tenants direct access to employment in Downtown Phoenix, Tempe, and Scottsdale.

Investment Overview

Mojave Apartments is located one block west of 19th Avenue and a half mile south of Northern Avenue in the Christown submarket, where multifamily renovation and development is booming. Anchoring the neighborhood is the 1 million square foot Christown Spectrum Mall with its 50+ stores including Walmart and Target, adjacent to Albertson’s, Walgreens, Ross, and Fry’s. Built in 1986, Mojave Apartments has been recently renovated, providing tenants with new kitchens, bathrooms, flooring, and lighting. Mojave’s close proximity to I-17, Highway 51, and the Phoenix light rail gives tenants direct access to employment in Downtown Phoenix, Tempe, and Scottsdale. The Abrazo Central medical campus offers a 216-bed acute care facility within minutes of Mojave.

Exclusively Listed By

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