102 E Hatcher Rd & 9404 E 2nd Pl, Phoenix, AZ 85020

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.

Strategically positioned in a dynamic Phoenix neighborhood just off E Hatcher Rd and N 2nd St, Hatcher & 2nd offers tenants unparalleled connectivity and convenience. Residents benefit from immediate access to major transportation corridors, with Interstate 17 to the west and State Route 51 to the east, seamlessly connecting them to premier employment and transit hubs.

The property boasts exceptional healthcare proximity, situated immediately adjacent to the HonorHealth John C. Lincoln Medical Center. Furthermore, the surrounding neighborhood is rich in lifestyle amenities and highly-rated local dining destinations, including OHSO and Little Miss BBQ.

Nearby recreational hotspots such as North Mountain Park, Dreamy Draw Park, and the Phoenix Mountain Preserve provide abundant outdoor activities, perfectly complementing the modern lifestyle afforded by the community.