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    513 E Hatcher Road

    Phoenix, AZ 85020
    • $1,100,000
    • STATUS: Active
    • ON SITE: 172 days
    • MLS #: 6064274
    UPDATED: 18 min ago
    $1,100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:
    Area:

    School Information

    Description

    Great investment opportuniy! Long time owner with month to month tenants. The current owner is paying all the utilities. There is not individual meters. Rents are in the process of being raised. Units 8 & 9 are one beds and have recently been updated and rents are at $800. The two bed is also recently updated @ $1,200. Well maintained clean units. No carpeting, floors are stained concrete. There is a bonus 450 sq ft garage with electrical and water service. All the buildings have metal roofs which were added 3 years ago. Drive by only, do not disturb tenants. Access to units after an accepted contract. Tons of upside here! Cap will be around 8% when all the units are updated.

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    © 2020 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 Maison DeBlanc Real Estate. Data last updated 2020-09-29T18:12:36.61.
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    513 E Hatcher Road Phoenix, AZ 85020

    • Price: $1,100,000
    • Status: Active
    • Updated: 18 min ago
    • MLS #: 6064274
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1972
    Built
    Neighborhood:
    Globa
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Desert View Elementary School
    Middle School:
    Royal Palm Middle School
    High School:
    Sunnyslope High School
    School District:
    006 - Washington Elementary District
    Property Description
    Great investment opportuniy! Long time owner with month to month tenants. The current owner is paying all the utilities. There is not individual meters. Rents are in the process of being raised. Units 8 & 9 are one beds and have recently been updated and rents are at $800. The two bed is also recently updated @ $1,200. Well maintained clean units. No carpeting, floors are stained concrete. There is a bonus 450 sq ft garage with electrical and water service. All the buildings have metal roofs which were added 3 years ago. Drive by only, do not disturb tenants. Access to units after an accepted contract. Tons of upside here! Cap will be around 8% when all the units are updated.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Fenced Lot Size Dimensions 146Ft X 142Ft Parking >1 Space Per UnitFreeGaragePaved Parking Roads AsphaltSidewalk(S) Roofing Metal

    Interior Features

    1 Bedroom Unit Avg Sq Ft 490 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 F/S Oven/RangeRefrigerator Cooling Electric RefrigeratdWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors ConcreteSealed Heating ElectricGas Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 665.00 1 Bedroom Units 9 2 Bedroom Unit Avg Rent 1200.00 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 0.00 Annual Elec Exp 8000.00 Annual Gas Exp 990.00 Annual Ins Exp 2600.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 1000.00 Annual Mgmt Exp 3600.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 4010.00 Community Amenities Other (See Remarks) Cross Street 7th St & Hatcher Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 65395.00 New Financing 1031 ExchangeConventional Operating Exp 22505.00 Other Income 0.00 Owner Pays ElectricGasLandscapingSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 2305.00 Tenant Pays None Totl Mnth Rntal Inc 7325.00 Vacancy Allowance 0.00 Water City Franchise Zoning Multi Family

    Listing courtesy of Superlative Realty.


    © 2020 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 Maison DeBlanc Real Estate. Data last updated 2020-09-29T18:12:36.61.
     
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    Maison DeBlanc Real Estate
    8360 E Raintree Dr.
    Scottsdale AZ, 85260