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.
- Price:
- $3,960,000
- Year Built:
- 1985
- Listing ID #:
- 6534040
- Street Address:
- 510 E Hatcher Rd
- City:
- Phoenix
- State:
- Arizona
- Postal Code:
- 85020
- County:
- Maricopa
- Listing Status:
- Active
- Listing Type:
- ResidentialMultiFamily
- Construction Description:
- Frame - Wood
- Exterior Features:
- Cable Tv Available, Desert Landscaping, Fenced, Security Light(s)
- Flooring:
- Vinyl
- Interior Features:
- Fire/Smoke Alarm(s), Unfurnished
- Number Of Units:
- 24.00
- Siding:
- Painted, Stucco
- Type Of Roof:
- Comp Shingle
- Year Built:
- 1985
- Adjusted Gross Income:
- 337891.20
- Net Operating Income:
- 245713.00
- Operating Expense:
- 7308.00
- Conforms To Zoning:
- R-5
- Community Features:
- No Pool
- Included In Sale:
- Building(s) Only
- Terms:
- Conventional
- Owner Pays:
- Landscaping, Sewer, Trash Collection, Water
- Property Taxes:
- $7,308
- Tenant Pays:
- Electric
- Parking Description:
- >1 Space Per Unit, Street Parking
- Parking Spaces:
- 30.00
- Appliances:
- Disposal, F/S Oven/Range, Microwave, Refrigerator, Washer/Dryer
- Cooling System:
- Individual
- Electricity:
- Individual Meter
- Existing Water:
- City Franchise
- Gas:
- Individual Meter
- Heating:
- Individual
- Sewage Type:
- Sewer - Public
|
$
|
|
|
$
|
|
|
%
|
|
|
$
|
|
|
$
|
|
|
$
|
|
The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Dallin Hammond with ABI Multifamily
