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510 E Hatcher Road

Phoenix, AZ 85020
  • $3,960,000
  • STATUS: Active
  • ON SITE: 75 Days
  • MLS #: 6534040
UPDATED: 30 min ago
$3,960,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1985
County:
Area:

School Ratings & Info

Description

Hatcher Heights was built in 1985 and is comprised of (12) 1-bedroom / 1-bathroom and (12) 2-bedroom / 1-bathroom units. The property is a 3-story building and has gone through many capital expenditures including a new parking lot, security gate, windows, multiple sections of plumbing and drain lines have been replaced and more. 16 Of the 24 units have been renovated or turned. Hatcher Heights features a fully renovated community laundry room as well as proof of concept for interior washer and dryers in 2 units. All units are individually metered for electricity and have the panels to support the installation of the remaining in-suite washer and dryers. With units turning and leasing quickly, this is an asset that is built for the long haul in an area that is continuously improving.

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Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-06-05T11:15:57.923.
www.yournextphoenixhome.com/homes/137894860
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510 E Hatcher Road Phoenix, AZ 85020

  • Price: $3,960,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 30 min ago
  • MLS #: 6534040
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1985
Built
County:
Maricopa
Area:
Phoenix
Property Description
Hatcher Heights was built in 1985 and is comprised of (12) 1-bedroom / 1-bathroom and (12) 2-bedroom / 1-bathroom units. The property is a 3-story building and has gone through many capital expenditures including a new parking lot, security gate, windows, multiple sections of plumbing and drain lines have been replaced and more. 16 Of the 24 units have been renovated or turned. Hatcher Heights features a fully renovated community laundry room as well as proof of concept for interior washer and dryers in 2 units. All units are individually metered for electricity and have the panels to support the installation of the remaining in-suite washer and dryers. With units turning and leasing quickly, this is an asset that is built for the long haul in an area that is continuously improving.
Exterior Features

Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 0.00 Exterior Amenities Cable Tv AvailableDesert LandscapingFencedSecurity Light(S) Lot Size Dimensions 139.57X136.29X139.65X136.85 Parking >1 Space Per UnitStreet Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 536 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 661 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DisposalF/S Oven/RangeMicrowaveRefrigeratorWasher/Dryer Cooling Individual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl Heating Individual Interior Amenities Fire/Smoke Alarm(S)Unfurnished

Property Features

1 Bedroom Unit Avg Rent 995.00 1 Bedroom Units 12 2 Bedroom Unit Avg Rent 1195.00 2 Bedroom Units 12 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 337891.20 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual Meter Gas Individual Meter Gross Annual Sch Inc 333730.00 Hoa YN No Net Operating Income 245713.00 New Financing Conventional Operating Exp 7308.00 Other Income 18240.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type 13 - 24 Units Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 7308.00 Tenant Pays Electric Vacancy Allowance 0.04 Water City Franchise Zoning R-5

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Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-06-05T11:15:57.923.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206