$3,200,000
Phoenix, AZ 85020
MLS# 7086417
36 beds | 24 baths
1 / 47
Property 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.
Details
Contract Info
Current Price: $3,200,000
List Price: $3,200,000
Status: Active
List Date: 2026-09-28
Ownership: Fee Simple
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
General Property Description
Lot Size Dimensions: 140 x 135.36
Year Built: 1985
Uncvrd Parking Spcs: 29
Total # of Units: 24
# of Buildings: 1
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
Legal Info
Township: 3N
Range: 3E
Section: 29
1 Bedroom Units
# 1 Bedroom Units: 12
Avg Rent: 976
Avg SqFt: 536
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 12
Avg Rent: 1131
Avg SqFt: 661
# Baths: 1
Structure
Bedrooms Total: 36
Bathrooms Total: 24
Showing Notification Methods
Showing Service: Aligned Showings
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.
Geo Lat: 33.571658
Geo Lon: -112.06703
Income Expenses
Gross Annual Sch Inc: 344160
Net Operating Income: 219366
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
Office Phone: 602-714-1400
Last Updated: September - 29 - 2026
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