$695,000
Phoenix, AZ 85020
MLS# 7018158
1 / 9
Property Description
Seller may consider seller financing. Shovel ready, fully approved project awaiting a developer to pull permits. Plan set conveys with sale. This 2 story, 20 unit multi-family project is zoned as R-5 High Density Multi-Family located within the Hatcher District Overlay that allows restaurants, office, and retail within new developments. There are 10 garages, 20 additional surface parking spaces, 4 three bed/two bath, 6 two bed/two bath, 2 one bed/one bath, and 8 studios. The development consists of 16,396 square feet.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $695,000
List Price: $695,000
Status: Active
List Date: 2026-04-23
Location, Tax & Legal
Assessor's Map #: 45
Legal Description (Abbrev): LOT 1 HATCHER APARTMENTS MCR 189017
Assessor's Parcel #: 141
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104600
Taxes: 624
Legal: LOT 1 HATCHER APARTMENTS MCR 189017
Marketing Name: The Norton
House Number: 320
Compass: E
Street Name: Hatcher
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
County Code: Maricopa
Assessor Number: 159-45-141
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 21
Lot Size Dimensions: 218 x 137
Flood Zone: No
Total # of Units: 20
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Sunnyslope Elementary School
Jr. High School: Sunnyslope Elementary School
High School: Sunnyslope High School
Year Built: 2026
Zoning: R5
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Construction Status
To Be Built: 1
Roofing
Foam: 1
Floors
Vinyl: 1
Sale Includes
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 624
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 695000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Barbecue: 1
Heating
See Remarks: 1
Cooling
See Remarks: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
See Remarks: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
See Remarks: 1
Sewer
See Remarks: 1
Parking Features
See Remarks: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
Owner Pays
See Remarks: 1
New Financing
Cash: 1
Owner May Carry: 1
Wraparound: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Private: 1
Reports/Disclosures
Soil Test: 1
Boundary Survey Avlb: 1
ALTA Survey Availbl: 1
Development Plan Avl: 1
Environmental
Phase I Available: 1
Efficiency Units
# Efficiency Units: 8
Avg Rent: 0
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 0
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 0
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 4
Avg Rent: 0
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Hatcher and 3rd Street
Directions: From AZ-51 and Northern Avenue, West on Northern, North on 7th Street, West on Hatcher to property.
Geo Lat: 33.571649
Geo Lon: -112.068698
Legal Info
Lot Number: 1
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Stucco
Construction Status: To Be Built
Roofing: Foam
Floors: Vinyl
Sale Includes: Other (See Remarks)
Community Features: No Pool; Barbecue
Appliances Included: See Remarks
Heating: See Remarks
Cooling: See Remarks
Water Source: See Remarks
Sewer: See Remarks
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking Features: See Remarks
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Projected Proforma
Special: Owner/Agent
Lockbox Type: None
Existing 1st Loan: Private
New Financing: Cash; Owner May Carry; Wraparound; 1031 Exchange
Environmental: Phase I Available
Listing Office: Grayson Real Estate
Last Updated: April - 23 - 2026
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