Address
306 S HARDY Drive, Tempe, AZ
Price
$ 700,000
Property Attributes
  • MLS#6492854
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodSTATE PLAT NO 12 AMD
  • Zip85281
  • StyleMultiple Dwellings
  • Year Built1950
  • Taxes$ 2257
  • Price$ 700,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Urban in-fill project. Prime, new construction location with exceptional opportunity for multiple townhomes or apts. Excellent for diversifying investment portfolio with steady rental revenue in fast growing metro area. Opportunity to acquire adjoining property to expand total buildable potential. Buildable potential: 6 units Lot size: 73' x 202' 306 S. Hardy Dr, Tempe 85281 124-29-075K Ideal location with EZ access to all points of interest in the Valley of the Sun. Minutes from ASU. Tentants' privacy is of utmost importance. Please do not disturb.

Elementary School Middle School High School
Scales Technology Academy Elementary School Geneva Epps Mosley Middle School Tempe High School
Price History
11/25/2022 Listed $1,750,000
3/28/2023 51% - $865,000
1/4/2024 20% - $700,000

General Features

Sewer Public Sewer
Heating Electric
Cooling Central A/C
Roof Tile,Concrete
Zoning R20
Construction Materials Brick Veneer,Painted,Stucco,Stone,Block,Frame - Metal,Slump Block
Year Built 1950
Electric APS
Tenant Pays Gas,Electricity,Cable TV
Township 1N
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 0.0
OwnerPays Water
Community Features See Remarks
County Maricopa
Net Operating Income 800.0
Operating Expense 9082.0
Insurance Expense 1500.0
Property Type Multiple Dwellings
Attached Garage No
MaintenanceExpense 1200.0
Subdivision Name STATE PLAT NO 12 AMD
Garage Y/N No
Status Active
Directions 306 S. Hardy Dr. between 3th St & W. Rio Salado Parkway
High School Tempe High School
City Tempe
Buyer Agent Compensation 1.50
Disclosures None
View Y/N No
High School District Tempe Union High School District
Open Parking Spaces 6.0
Total Units 1
Lot Size Square Feet 0.0
Carport Y/N No
Street Name HARDY
Elementary School Scales Technology Academy
Tax Annual Amount 2257.0
Electric Expense 2500.0
Fuel Expense 200.0
Middle/Junior High School Geneva Epps Mosley Middle School
Water Sewer Expense 800.0
Lease Renewal Y/N No
Additional Parcels Y/N Yes
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 547
Standard Status Active
Occupancy Type Tenant
Elementary School District Tempe Elementary School District
Tax Lot 25
Cap Rate 0.09
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community No

Interior Features

Flooring Carpet,Ceramic Tile,Concrete
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Drive
Electric On Property Y/N No

Exterior Features

Parking Features Free
Water Source Irrigation,Individual Meter
Total Parking 6.0
Lot Size Area 0.0
Number of Buildings 2
Spa No
Lot Dimensions 136 x 202
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85281

Price
AVG $1.15M
$700K
Taxes
AVG $2,543
$2,257
Visits
AVG 213
748
Data Provided by Inside Real Estate®
Year Built
AVG 1959
1950
Walkscore
AVG 70
69
Data Provided by Walkscore® not using MLS data

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