2020 W ORANGEWOOD Avenue, Phoenix, AZ, 85021
About This Home
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.
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1986
Materials
- Roof: Composition
- Construction materials: Wood Frame,Painted,Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Built-In Range,Disposal,Refrigerator,Microwave,Washer/Dryer
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
Features
- Flooring: Vinyl
Heating & Cooling
- Heating features: Individual,Electric
- Cooling features: Individual
Interior Area
- Total structure area: 12,468
- Total interior livable area: 12,468 sqft
Property
Details
- Parcel number: 15719141
- Zoning: R-4
Features
- Private pool: Yes
Lot
- Lot size: 0.29 Acres
- Lot size dimensions: 12,458
Parking
- Total spaces: 27
- Parking features: Paved,1 Space/Unit
- Has uncovered spaces: Yes
- Uncovered spaces: 27
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Maricopa County and Arizona
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $19,695 | $236,340 |
| Home Insurance | $1,194 | $14,328 |
| Property Taxes | $1,428 | $17,136 |
| Electricity | $1,320 | $15,844 |
| Total | $23,637 | $283,644 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-26 | Listed for sale | $3,895,000 |
| 2023-12-13 | Listing removed | -- |
| 2023-05-10 | Listing removed | $5,250,000 |
| 2023-03-20 | Listed for sale | $5,250,000 |
| 2017-05-25 | Listing removed | $500 |
| 2015-10-28 | Listed for rent | $500 |
For Sale by Agent
View on Zillow