$1,000,000
$1,100,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
513 E HATCHER Road Phoenix, AZ 85020
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Globa
MLS Listing ID 6064274
Sold Date 03/15/21
Maintenance Fees $1,000
Year Built 1972
Annual Tax Amount $2,305
Tax Year 2019
Lot Dimensions 146ft x 142ft
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Awesome upside investment opportunity!!! 10 total units @ $110k per door. Three units have been recently updated and rents increased to be more reflective of market value. There are nine 1/1 units. Eight of the tenants are month to month. Rents range from $600 to $900 monthly. The 2 bed unit is rented at $1,300 monthly. All units are block construction with newer metal roofs. There is plenty of parking for everyone and as a bonus there is a garage/workshop. Units are not individually metered and the owner pays the utilities. The units are conveniently located right off of 7th St. Plenty of nearby shopping, close to schools, parks and hiking trails. Drive by only, do not disturb tenants. Inside access after accepted contract.
Location
State AZ
County Maricopa
Community Globa
Area Maricopa
Zoning multi family
Direction Two blocks west on Hatcher S/W Corner Hatcher and 6th St
Interior
Heating Electric, Natural Gas
Cooling Electric, Wall/Window Unit(s)
Flooring Concrete
Appliance FS OvenRange, Refrigerator
Exterior
Parking Features Free, Paved Parking
Community Features Other, See Remarks
Roof Type See Remarks, Metal
Garage Yes
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Desert View Elementary School
Middle Schools Royal Palm Middle School
High Schools Sunnyslope High School
School District Glendale Union High School District
Others
Senior Community No
Tax ID 159-46-051
Acceptable Financing Conventional, 1031 Exchange
Disclosures None
Listing Terms Conventional, 1031 Exchange
Financing Carryback
Read Less
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Bought with LIV AZ REALTY
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