The Mojave

• ​​​​​Boutique Garden-Style Community with Best-in-Class Contemporary Interior Finishes
• Low Maintenance Asset
• Robust Submarket Fundamentals Support Rental Demand
• Prominent Office and Industrial Employment Base
• Transit-Oriented Community with Light Rail and Freeway Accessibility
• Metrocenter Redevelopment Driving Growth in North Mountain
• Attractive Assumable Financing In-Place

Property Description

CBRE is pleased to present The Mojave, a 27-unit multifamily opportunity located in the desirable North Mountain submarket of Metro Phoenix. Built in 1986 and recently repositioned, the property is made of wood frame and stucco construction with pitched composition shingle roofs and is individually metered for electricity.  Current ownership has completed approximately $650,000 of progressive upgrades since 2022, which include a fully replaced roof and 26 units fully renovated with in-suite washer/dryers. The Mojave represents an opportunity for an investor to acquire a masterfully remodeled and repositioned property at an attractive price per pound. The consistent history of collections, high occupancy and affordable studio units  provide  an excellent opportunity for a cash-flow-focused investor. The premium contemporary finishes and upscale curb appeal distinguish the community as a best-in-class asset that complements the burgeoning commercial centers and professional workforce demographic of central Phoenix. ​​​​​​​​​​​​​​Property tours are by appointment only. Please contact Brian Smuckler, Jeff Seaman, Derek Smigiel, and Bryson Fricke to schedule tours.