Multifamily
Hatcher
102 E Hatcher Rd, Phoenix, AZ 85020
Listing Price: $1,480,000
Investment Overview
Hatcher is an 8-unit apartment community located at the base of the North Mountain Preserve on Hatcher Road and 2nd Place, just west of Central Avenue. Surrounded by the growing lifestyle opportunities of a gentrifying area, the adjacent city-endorsed North Mountain Redevelopment Area is currently undergoing transformative changes designed to improve the region through advancement of under utilized properties, expanded infrastructure, and the creation of additional employment opportunities with current capital investment of $179M . Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses, featuring employers such as BlueCross BlueShield, Wells Fargo, Waste Management. Developed in 1948, Hatcher is comprised of four one-bedroom and four two-bedroom units averaging 568 square-feet, with one classic one-bedroom unit remaining. Future ownership will have the immediate opportunity to capitalize on uncaptured premiums of newly renovated units and take advantage of the current below market rents.
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Financing By
Listing Price: $1,480,000
Investment Highlights
- Conveniently located steps from Honor Health and Sunnyslope High School in a rapidly transforming North Mountain residential neighborhood.
- All 8 units are fully renovated.
- Single-level, low-density.
Investment Overview
Hatcher is an 8-unit apartment community located at the base of the North Mountain Preserve on Hatcher Road and 2nd Place, just west of Central Avenue. Surrounded by the growing lifestyle opportunities of a gentrifying area, the adjacent city-endorsed North Mountain Redevelopment Area is currently undergoing transformative changes designed to improve the region through advancement of under utilized properties, expanded infrastructure, and the creation of additional employment opportunities with current capital investment of $179M . Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses, featuring employers such as BlueCross BlueShield, Wells Fargo, Waste Management. Developed in 1948, Hatcher is comprised of four one-bedroom and four two-bedroom units averaging 568 square-feet, with one classic one-bedroom unit remaining. Future ownership will have the immediate opportunity to capitalize on uncaptured premiums of newly renovated units and take advantage of the current below market rents.
Exclusively Listed By
Financing By
