NOT LISTED FOR SALE

513 E Hatcher Rd Phoenix, AZ 85020

North Central Neighborhood
11 Beds
10 Baths
1,290 Sq Ft
1972 Built

Last Sold December 12, 2023

Last sale price $1,250,000 $969 Per Sq Ft

56 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Sunnyslope High School Rated A
  • Vinyl Flooring

About This Home

As of December 2023

513 East Hatcher Road is of block construction and was originally built in 1958 with phase II being completed in 1972, the community features (9) 1-Bed / 1-Bath units along with (1) 2-bed / 1-bath unit. Of the (10) total units, (6) have been extensively renovated with the other (4) units providing the additional upside for the investor. All units feature a private patio and ample parking. The utilities on-site are master metered where an additional utility recapture can be implemented at the property. The renovated units feature shaker style cabinetry, kitchen backsplashes, quartz countertops, stainless steel appliance packages, vinyl-plank flooring, updated bathrooms, new plumbing, roof, ac units, windows and more.

Last Agent to Sell the Property

Carson Griesemer

ABI Multifamily License #SA686764000 Listed on: 08/08/2023

Co-Listed By

Dallin Hammond

ABI Multifamily License #SA677560000

Last Buyer's Agent

Carson Griesemer

ABI Multifamily License #SA686764000 Listed on: 08/08/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,373

Year Built

  • Built in 1972

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number 159-46-051

Community Details

Overview

  • 3 Buildings
  • 10 Units
  • Building Dimensions are 138.71x150.74x138.70x150.31
  • Globa Subdivision

Building Details

  • Operating Expense $2,373
  • Gross Income $156,028
  • Net Operating Income $91,202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,373

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: GLOBA
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 138.71x150.74x138.70x150.31
  • Additional Parcels: No
  • Parcel #: 159-46-051

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: None
  • Number Of Units Total: 10
  • Annual Gross Income: 156028.0
  • Property Net Operating Income: 91202.0
  • Annual Operating Expense: 2373.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2373.0
  • Tax Block: 2
  • Tax Book Number: 159.00
  • Tax Lot: 1

Range of Values:

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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
12/12/2023 12/12/23 Sold $1,250,000 -16.7% $969 / Sq Ft
08/08/2023 08/08/23 For Sale $1,500,000 +50.0% $1,163 / Sq Ft
03/15/2021 03/15/21 Sold $1,000,000 -9.1% $775 / Sq Ft
03/02/2021 03/02/21 For Sale $1,100,000 0.0% $853 / Sq Ft
01/05/2021 01/05/21 Pending -- -- --
04/09/2020 04/09/20 For Sale $1,100,000 -- $853 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Carson Griesemer

    Seller's Agent in 2023

    Carson Griesemer

    ABI Multifamily

    (602) 714-1400

    1 in this area

    27 Total Sales

    Carson Griesemer
    Section Image
  • Dallin Hammond

    Seller Co-Listing Agent in 2023

    Dallin Hammond

    ABI Multifamily

    (602) 714-1400

    1 in this area

    37 Total Sales

    Dallin Hammond
    Section Image
  • Mark Messner

    Seller's Agent in 2021

    Mark Messner

    Superlative Realty

    (480) 745-0084

    1 in this area

    37 Total Sales

    Mark Messner
    Section Image
  • Lynn Janson

    Buyer's Agent in 2021

    Lynn Janson

    LIV AZ REALTY

    (602) 300-0797

    6 in this area

    19 Total Sales

    Lynn Janson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6589716

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85020 North Central

513 E Hatcher Rd, Phoenix, AZ

This home is located at 513 E Hatcher Rd, Phoenix, AZ 85020 since 08 August 2023. This property was built in 1972. 513 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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