510 E Hatcher Road #OFCPhoenix, AZ 85020

Hatcher Heights is a 24 unit multifamily community built in 1985. Current ownership has already made various capital improvements such as a new parking lot, replaced HVAC units, painted exterior, added security gate, renovated laundry room and more. Only 2 of the units have received an upgraded renovation package with new appliances and in-unit washer/dryer making this an ideal value add opportunity. With a well-balanced unit mix of (12) 1 bedroom, 1 bathroom and (12) 2 bedroom, 1 bathroom units, Hatcher Heights has immediate rental upside and may also be a great candidate for subsidized housing, which allows for an estimated rent premium of roughly $300-$400 per month. Contact agent for copy of offering memorandum.