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Sold on 07/02/2016

510 E Hatcher Rd, Phoenix, AZ 85020

$1,037,500

Last sold 07/02/2016 after 58 Days

  • 36

    bed

  • 24

    bath

Multi-family not for sale
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About 510 E Hatcher Rd

Property type Multi-family
Neighborhood
Year built 1985
HOA fee $0/month
Property description
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.
Listed by
Listing Agent - John Klocek
Listing Office - ABI Multifamily
Source: ARMLS mls logo
MLS#5438657 • last updated 8 years ago
Movoto checked ARMLS for data 1 minute ago
Overview
Cooling/AC Electric, Individual
Heating Individual, Electric
MLS # 5438657
Type Multiple Dwellings
Status Closed
Property Tax 6242
Year Built 1985
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Other, Wood Frame, Painted, Stucco
Parking >1 Space Per Unit
# of Open Parking Spaces 29
Amenities / Utilities
Water Source Master Meter
Sewer/Septic Public Sewer
Location
Community Features Other, See Remarks, Barbecue
Elementary School District Washington Elementary District
High School District Glendale Union High School District
APN 159-45-111
Zoning R-4
Directions West On Hatcher Road To Property On North Side. Located On The NE Corner Of 5th St & Hatcher.
Multifamily Details
Total # of Units 24
Financial Data Source Owner, Unknown, Projected Proforma
Vacancy Allowance 0.16
Net Operating Income 81268
Gross Income 143674.44
Expense: Other 62719
Gross Scheduled Income 164160
We are not permitted to show value estimates for this property.
  • Dec 2024
    Public Records
  • Dec 31, 2024 Sold
    $3,400,000 (-5.6%)
  • Aug 2024
    mls logo MLS # 6738522
  • Aug 1, 2024 Listed
    $3,600,000 (-9.1%)
  • Aug 2023
    mls logo MLS # 6589403
  • Aug 7, 2023 Listed
    $3,960,000 (+12.3%)
  • Jan 2022
    Public Records
  • Jan 28, 2022 Sold
    $3,525,000 (+239.8%)
  • Jul 2016
    mls logo MLS # 5438657
  • Jul 2, 2016 Sold
    $1,037,500 (-7.8%)
  • May 5, 2016 Listed
    $1,125,000 (+42.4%)
  • Mar 2015
    Public Records
  • Mar 11, 2015 Sold
    $790,000 (+17.9%)
  • Dec 2012
    Public Records
  • Dec 14, 2012 Sold
    $670,000 (+91.4%)
  • Jun 2011
    mls logo MLS # 4564497
  • Jun 14, 2011 Sold
    $350,000 (-19.5%)
  • Apr 6, 2011 Listed
    $435,000 (-55.5%)
  • May 2005
    Public Records
  • May 13, 2005 Sold
    $978,000 (+13.4%)
  • Oct 2003
    Public Records
  • Oct 3, 2003 Sold
    $862,500 (+21.8%)
  • Aug 2001
    Public Records
  • Aug 1, 2001 Sold
    $708,000
  • Year Property taxes Tax assessment
  • 2024
    $7,694 +1.9%
    $385,020
  • 2023
    $7,554 +3.4%
    $385,020 +51.6%
  • 2022
    $7,308 -1.3%
    $253,970 +33.7%
  • 2021
    $7,402 +2.6%
    $189,960 +22.04%
  • 2020
    $7,217
    $155,660
  • 510 E Hatcher Rd
    $1.03M
  • North Mountain
    $385K -3% y/y
  • 85020
    $433K -5% y/y
  • Phoenix
    $454K -2% y/y
No chart available
Statistics calculated by Movoto

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7/10
Sunnyslope High School
public Grades 9-12
Glendale Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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