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2020 W Orangewood Ave
Phoenix, AZ 85021 North Phoenix

$3,895,000 USD

Apartments For Sale • 12,935 SF

Property Details

Property Type Apartments
Total Building Size 12,458 SF
Lot Size 0.94 AC
Building Class C
Year Built 1986
Cap Rate 5.02 %
Zoning R-4 (Multifamily Resident

50 Transit Score

50 Walk Score

                
                    Highlights
                
                                27-Units, Built 1986, Renovated 2021/2022
                            
                                Fully Renovated Interiors with In-Unit Washer/Dryer
                            
                                $680k in Capex Completed 
                            
                                Below Market Average Cost Basis
                            
                                Optional Assumable Agency Loan at 78% LTV and 5.06% Interest Rate
                            
                                Turn-Key Investment with Immediate Rental and Expense Upside

Cap Rate:

5.02 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Acora - Mojave Apartments

Amenities

Pool
Washer/Dryer
Heating
Kitchen
Refrigerator
Oven
Range

Public Transportation

Airport	Drive	Walk	Distance
Phoenix Sky Harbor International	23 min	-	14.6 mi
Phoenix-Mesa Gateway	57 min	-	41.7 mi

Brad Skenderian 949-533-5594 Matthews Real Estate Investment Services

2020 W Orangewood Ave Phoenix, AZ 85021 North Phoenix