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513 E Hatcher Road

Phoenix, AZ 85020
  • $1,395,000
  • STATUS: Active Under Contract
  • ON SITE: 109 Days
  • MLS #: 6518000
Under Contract
UPDATED: 22 min ago
$1,395,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1972
County:
Area:

School Ratings & Info

Description

513 East Hatcher Road is of block construction and was originally built in 1958 with phase II being completed in 1972, the community features (9) 1-Bed / 1-Bath units along with (1) 2-bed / 1-bath unit. Of the (10) total units, (6) have been extensively renovated with the other (4) units providing the additional upside for the investor. All units feature a private patio and ample parking. The utilities on-site are master metered where an additional utility recapture can be implemented at the property. The renovated units feature shaker style cabinetry, kitchen backsplashes, quartz countertops, stainless steel appliance packages, vinyl-plank flooring, updated bathrooms, new plumbing, roof, ac units, windows and more.

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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 Keller Williams Realty Phoenix. Data last updated 2023-05-29T20:17:18.043.
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513 E Hatcher Road Phoenix, AZ 85020

  • Price: $1,395,000
  • Status: Active Under Contract
  • On Site: 109 Days
  • Updated: 22 min ago
  • MLS #: 6518000
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1972
Built
Neighborhood:
Globa
County:
Maricopa
Area:
Phoenix
Property Description
513 East Hatcher Road is of block construction and was originally built in 1958 with phase II being completed in 1972, the community features (9) 1-Bed / 1-Bath units along with (1) 2-bed / 1-bath unit. Of the (10) total units, (6) have been extensively renovated with the other (4) units providing the additional upside for the investor. All units feature a private patio and ample parking. The utilities on-site are master metered where an additional utility recapture can be implemented at the property. The renovated units feature shaker style cabinetry, kitchen backsplashes, quartz countertops, stainless steel appliance packages, vinyl-plank flooring, updated bathrooms, new plumbing, roof, ac units, windows and more.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingPartially Fenced Lot Size Dimensions 138.71X150.74X138.70X150.31 Parking >1 Space Per Unit Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 496 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 800 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 DishwasherDisposalF/S Oven/RangeMicrowaveRefrigerator Cooling Ceiling Fan(S)Electric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl Heating Electric Interior Amenities Fire/Smoke Alarm(S)Unfurnished

Property Features

1 Bedroom Unit Avg Rent 1245.00 1 Bedroom Units 9 2 Bedroom Unit Avg Rent 1495.00 2 Bedroom Units 1 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 156028.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Master Meter Gas Other (See Remarks) Gross Annual Sch Inc 152400.00 Hoa YN No Net Operating Income 91202.00 New Financing Conventional Operating Exp 2373.00 Other Income 11840.00 Owner Pays ElectricGasLandscapingSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Tax Municipality Phoenix Taxes 2373.00 Tenant Pays None UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.05 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 Keller Williams Realty Phoenix. Data last updated 2023-05-29T20:17:18.043.
 
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3920 South Rural Road Suite 110
Tempe AZ, 85282