Hatcher Heights | 510 East Hatcher Road, Phoenix, AZ 85020 | 24 Units | $3,400,000 | $141,667 Per Unit | $236.70 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (January 2, 2025) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,400,000 / $141,667 Per Unit / $236.70 Per SF sale of Hatcher Heights, a 24-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Dallin Hammond, Mitchell Drake, and Carson Griesemer represented the buyer and seller in this transaction.
The buyer and seller are based in California.
Built in 1985, Hatcher Heights is a 24-unit apartment community comprised of 12 one-bedroom / one-bathroom units and 12 two-bedroom / one-bathroom units. Each unit is individually metered for electricity and was renovated in 2022. Community amenities include a recently renovated laundry facility, a newly permitted gate and parking lot, as well as beautiful mountain views.
Situated just north of the popular North Central Corridor and approximately three miles from both the I-17 and SR-51 freeways, residents enjoy convenient access to the entire Phoenix metropolitan area for employment and work opportunities. The North Central Corridor is one of the most sought-after neighborhoods in the Phoenix Metroplex, featuring an exceptional school district with Sunnyslope Elementary and Sunnyslope High School located within one mile of the property. Hatcher Heights is a short drive from the 19th Avenue & Dunlap light rail station and within walking distance of a Fry's Food and Drug grocery store, as well as the award-winning HonorHealth John C. Lincoln Medical Center. Just minutes away lies North Mountain, renowned for its extensive hiking trails and beautiful wildflower viewing, along with easy access to the Arizona Canal Trail.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.