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Details

Hatcher Heights is a 24 unit multifamily community built in 1985. Current ownership has already made various capital improvements such as a new parking lot, replaced HVAC units, painted exterior, added security gate, renovated laundry room and more. Only 2 of the units have received an upgraded renovation package with new appliances and in-unit washer/dryer making this an ideal value add opportunity. With a well-balanced unit mix of (12) 1 bedroom, 1 bathroom and (12) 2 bedroom, 1 bathroom units, Hatcher Heights has immediate rental upside and may also be a great candidate for subsidized housing, which allows for an estimated rent premium of roughly $300-$400 per month. Contact agent for copy of offering memorandum.

PROPERTY FEATURES

Water Source : Master Meter Sewer Source : Public Sewer Electric : APS
Community Features : No Pool
Parking Features: 1 Space/Unit, Street Parking
Cooling: Individual Heating : Individual
Construction Materials: Painted, Stucco, Block
Flooring : Ceramic Tile

PROPERTY DETAILS

Street Address: 510 E HATCHER Road
City: Phoenix
State: Arizona
Postal Code: 85020
County: Maricopa
MLS Number: 6738522
Year Built: 1985
Courtesy of Matthews Real Estate Investment Services

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