510 E HATCHER Road OFC, Phoenix, AZ 85020 (MLS# 7086417)

510 E HATCHER Road OFC, Phoenix, AZ 85020

$3,200,000

Property Type: Multiple Dwellings Bedrooms: 36 Baths: 24 Status: Active

Current Price: $3,200,000 Last Modified: 9/29/2026

Overview

Description

Hatcher Heights is a 24-unit, three-story garden-style apartment community in North Phoenix's Sunnyslope area, across from HonorHealth John C. Lincoln Medical Center and walking distance to Sunnyslope High School and the Arizona Canal Trail. Built in 1985 and renovated in 2022, the property offers 12 one-bed/one-bath and 12 two-bed/one-bath units averaging 599 SF. Capital improvements include a new permitted gate, parking lot and block wall, new windows, and replaced plumbing and drain lines. All units have been renovated or turned, and the community laundry room was fully renovated. Units are individually metered for electricity; two units have in-suite washer/dryers, with panels in place to add them to the rest. Near I-17, SR-51 and North Mountain.

Listing Details MLS# 7086417

Location, Tax & Legal

House Number: 510
Compass: E
Street Name: HATCHER
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 5715
Country: US
County Code: Maricopa
Assessor Number: 159-45-111
Tax Year: 2025
Unit #: OFC
Assessor's Map #: 45
Legal Description (Abbrev): BEG 30'N & 30'E OF SW COR SE4 NE4 SE4 TH E 140' N 135.36' W 140' S 135.36' TO BEG .43 AC
Assessor's Parcel #: 111
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104600
Taxes: 7995
Legal: BEG 30'N & 30'E OF SW COR SE4 NE4 SE4 TH E 140' N 135.36' W 140' S 135.36' TO BEG .43 AC
Marketing Name: Hatcher Heights

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 140 x 135.36
Year Built: 1985
Uncvrd Parking Spcs: 29
Total # of Units: 24
# of Buildings: Yes
Zoning: R-5
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Sunnyslope Elementary School
Jr. High School: Sunnyslope Elementary School
High School: Sunnyslope High School

Remarks Misc

Cross Street: 7th St & Hatcher Rd
Directions: From 7th St, head west on Hatcher Rd. Property is on the north side of Hatcher Rd, just east of 5th St.

Legal Info

Township: 3N
Range: 3E
Section: 29

1 Bedroom Units

# 1 Bedroom Units: 12
Avg Rent: 976
Avg SqFt: 536
# Baths: Yes

More Information

2 Bedroom Units

# 2 Bedroom Units: 12
Avg Rent: 1131
Avg SqFt: 661
# Baths: Yes

Structure

Bedrooms Total: 36
Bathrooms Total: 24

Income Expenses

Gross Annual Sch Inc: 344160
Net Operating Income: 219366

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

Project Type

13 - 24 Units: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes

Floors

Tile: Yes
Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 15600
Annual Landscape Exp: 10800
Annual Maint Exp: 14400
Annual Mgmt Exp: 26866
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 6000
Annual Other Expense: 34800
Operating Exp: 116461
Other Income: 19200
Vacancy Allowance: 0.05
Adjusted Gross Inc: 345192
Total Monthly Rental Income: 28680

Pmt & Rate Info

Cap Rate: 6.86
Equity: 3200000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Individual: Yes
Central: Yes

Cooling

Central Air: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Fenced: Yes
Patio/Balcony: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Disposal: Yes
Free-Standing Electric Oven: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes
Paved: Yes
Off Street: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Tile; Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Fenced; Patio/Balcony Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Disposal Heating: Individual; Central Cooling: Individual; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: >1 Space Per Unit; Paved; Off Street Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional Environmental: None

Listing Office: ABI Multifamily

Last Updated: September - 29 - 2026