$700,000
Tempe, AZ 85281
MLS# 6492854
1 / 9
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.
Details
Maps
Contract Info
Current Price: $700,000
List Price: $700,000
Status: Active
List Date: 2022-11-25
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R36
House Number: 306
Compass: S
Street Name: HARDY
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2516
Country: USA
County Code: Maricopa
Legal Description (Abbrev): STATE PLAT 12 AMD N2 LOT 25 EX W 426F & ALSO TH PT DAF BEG N LN S2 LOT 25 SD PT ALSO LY ON E LN OF
Subdivision: STATE PLAT NO 12 AMD
Assessor's Map #: 29
Assessor's Parcel #: 75
Assessor Parcel Ltr: K
Add'l Parcels: Yes
Assessor Number: 124-29-075-K
Legal: STATE PLAT 12 AMD N2 LOT 25 EX W 426F & ALSO TH PT DAF BEG N LN S2 LOT 25 SD PT ALSO LY ON E LN OF
Census Tract: 318800
Tax Municipality: Tempe
Taxes: 2257
Tax Year: 2022
Marketing Name: N/A
General Property Description
Lot Size Dimensions: 136 x 202
Year Built: 1950
Uncvrd Parking Spcs: 6
Total # of Units: 1
# of Buildings: 2
Zoning: R20
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Directions: 306 S. Hardy Dr. between 3th St & W. Rio Salado Parkway
Geo Lat: 33.427172
Geo Lon: -111.952772
Status Change Info
Status Change Date: 2022-11-25
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 25
Income & Expenses
Annual Elec Exp: 2500
Annual Gas Exp: 200
Annual Ins Exp: 1500
Annual Landscape Exp: 500
Annual Legal & Acctg: 125
Annual Maint Exp: 1200
Annual Wtr/Swr Exp: 800
Owner Association: No
Operating Exp: 9082
Vacancy Allowance: 0.05
Net Operating Income: 800
Pmt & Rate Info
Cap Rate: 0.09
Down Payment %: 100
Monthly Payments: 10000
Equity: 865000
Efficiency Units
Avg Rent: 1200
3 Bedrooms Units
# 3 Bedroom Units: 3
Avg Rent: 1775
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Other Type: House + Rental Units
Construction: Block; Frame - Metal; Slump Block
Const - Finish: Painted; Stucco; Brick Trim/Veneer; Stone
Roofing: Tile; Concrete
Floors: Concrete; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: See Remarks
Appliances Included: Refrigerator
Cooling: Central A/C
Water: Irrigation; Individual Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Free
Roads/Streets: Asphalt
Owner Pays: Water
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Lockbox Type: None
New Financing: Conventional; No Carry
Reports/Disclosures: None
Environmental: None
Listing Office: Congress Realty, Inc.
Last Updated: January - 04 - 2024
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888-881-4118