102 E Hatcher Rd & 9404 E 2nd Pl
- On-Site Parking
- Refrigerated Air
- Adjacent to Honor Health John C. Lincoln Medical Center
Property Description
Hatcher & 2nd presents a premier opportunity for investors to acquire a newly renovated, eight-unit apartment complex situated in a prime Phoenix location. Located seamlessly across two parcels at 102 E Hatcher and 9404 E 2nd Pl, this ±4,800 SF community features an attractive, balanced unit mix comprising (4) 1-bed, 1-bath units and (4) 2-bed, 1-bath units. Originally constructed in 1947/1948, the property underwent extensive modern renovations in 2022, resulting in significant aesthetic upgrades and lower deferred maintenance. The community strongly enhances the tenant experience by offering highly desirable amenities, including on-site parking and refrigerated air on all units. The asset delivers strong cash flow potential while offering a compelling value-add opportunity to stabilize rents and achieve a strong 6.21% proforma CAP rate.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,500,000 |
| No. of Units: | 8 |
| Year Built: | 1948 |
| Lot Size: | 0.36 Acres |
| Opportunity Zone: | No |
| Price per unit: | $187,500 |
| Property Website | Click Here |
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