NOT LISTED FOR SALE

510 E Hatcher Rd Phoenix, AZ 85020

North Central Neighborhood
36 Beds
-- Bath
1,197 Sq Ft
1985 Built

Last Sold July 01, 2016

Last sale price $1,037,500 $867 Per Sq Ft

48 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Individual Controls for Heating
  • Sunnyslope High School Rated A

About This Home

As of July 2016

Palmilla Apartments is a 24-unit apartment community located in
Phoenix, Arizona. Situated just north of the popular North Central
Corridor and roughly three miles from both the I-17 and the
SR-51 Freeways, residents enjoy direct access to all areas of the
Phoenix Metropolitan area for employment and work
opportunities. In addition, the newest segment of the Phoenix
Light Rail is minutes away with the nearest station approximately
two miles from the property. It is also walking distance to Fry's
grocery store and the award winning John C. Lincoln Hospital
and Medical Center. The North Central Corridor has become one
of the most highly desirable areas to live in the Phoenix
Metroplex. Palmilla is two blocks off 7th Street and just three
miles north of the famed Restaurant Row ar experiencing huge amounts of growth. These aspects, with
significant further growth on the horizon, make Palmilla ripe as a
value-add opportunity and a very desirable area and community
for its residents.

Last Agent to Sell the Property

John Klocek

ABI Multifamily License #SA657592000 Listed on: 05/06/2016

Co-Listed By

Patrick Burch

ABI Multifamily License #BR515118000

Last Buyer's Agent

Sam Ricketts

Premier Resort Holdings AZ License #BR544937000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,242

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 29 Open Parking Spaces
  • 29 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 159-45-111

Community Details

Overview

  • 24 Units
  • Building Dimensions are 0

Amenities

  • Community Barbecue Grill

Building Details

  • Gross Income $143,674
  • Net Operating Income $81,268

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,242

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 7th Street and Hatcher Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2015
  • Directions: West on Hatcher Road to property on North side. Located on the NE corner of 5th St & Hatcher.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Other, See Remarks, Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Open Parking Spaces: 29.0
  • Total Parking Spaces: 29.0
  • General Property Description:Uncvrd Parking Spcs: 29.0
  • General Property Description:Total Parking Spcs: 29.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Barbecue

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:Barbecue: Yes

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 159-45-111

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 24
  • Annual Gross Income: 143674.44
  • Property Net Operating Income: 81268.0
  • Vacancy Allowance Rate: 0.16

Tax Info

  • Tax Annual Amount: 6242.0
  • Tax Book Number: 159.00
  • Tax Lot: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2016 07/01/16 Sold $1,037,500 -7.8% $867 / Sq Ft
05/05/2016 05/05/16 For Sale $1,125,000 -- $940 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Klocek

    Seller's Agent in 2016

    John Klocek

    ABI Multifamily

    (602) 639-0088

    23 Total Sales

    John Klocek
    Section Image
  • Patrick Burch

    Seller Co-Listing Agent in 2016

    Patrick Burch

    ABI Multifamily

    (520) 603-1768

    38 Total Sales

    Patrick Burch
    Section Image
  • Sam Ricketts

    Buyer's Agent in 2016

    Sam Ricketts

    Premier Resort Holdings AZ

    (602) 478-7377

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5438657

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85020 North Central

510 E Hatcher Rd, Phoenix, AZ

This home is located at 510 E Hatcher Rd, Phoenix, AZ 85020 since 06 May 2016. This property was built in 1985. 510 E Hatcher Rd is a home located in Maricopa County with nearby schools including Sunnyslope Elementary School, Sunnyslope High School, and Montessori Day Public Schools Chartered - Mountainside.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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