312 S HARDY Drive 102, Tempe, AZ 85281 (MLS# 4859608)

312 S HARDY Drive 102, Tempe, AZ 85281

$1,000,000

Virtual Tour

http://www.tourfactory.com/idxr933305

Property Type: Multiple Dwellings Status: Closed

Current Price: $1,000,000 Last Modified: 7/31/2018

Overview

Description

This listing is for 312 S Hardy units 102-107. Each of the 6 units in this listings are approximately 1,415 SF to 1,734 SF with 2 bedrooms / 2.5 baths and each have a 2 car garage. Currently all 6 units are leased with good tenants.

Listing Details MLS# 4859608

Location, Tax & Legal

Map Code/Grid: R36
House Number: 312
Compass: S
Street Name: HARDY
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2740
Country: US
County Code: Maricopa
Subdivision: 312 Hardy
Assessor Number: 124-29-353
Tax Year: 2011
Unit #: 102
Assessor's Map #: 29
Legal Description (Abbrev): ARIZONA CONDOMINIUMS
Assessor's Parcel #: 353
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 318800
Taxes: 13119
Legal: ARIZONA CONDOMINIUMS MCR 942-43 UNIT 101 (PLEASE NOTE: FOR LEGAL
Marketing Name: Arizona Condominiums

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: IRR
Year Built: 2008
Uncvrd Parking Spcs: 3
Total # of Units: 6
# of Buildings: 3
Zoning: M-H
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District

Remarks Misc

Cross Street: Hardy & Rio Salado
Directions: South on Hardy to 312 S Hardy on West side of road

Status Change Info

Off Market Date: 2013-02-12
Under Contract Date: 2013-01-17
Close of Escrow Date: 2013-02-22

Legal Info

Township: 1N
Range: 4E
Section: 16
Lot Number: 102 - 107

More Information

Income Expenses

Gross Annual Sch Inc: 97800

2 Bedroom Units

# 2 Bedroom Units: 6
Avg Rent: 1358
Avg SqFt: 1509
# Baths: 15

Sold Info

Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

5 - 12 Units: Yes

Other Type

Packaged Offering: Yes
Other (See Remarks): Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes
Stone: Yes

Roofing

Built-Up: Yes
Metal: Yes

Floors

Concrete: Yes
Sealed: Yes
Carpet: Yes

Sale Includes

Laundry Equipment: Yes

Income & Expenses

Annual Elec Exp: 450
Annual Gas Exp: 0
Annual Ins Exp: 945
Annual Land Lse Exp: 0
Annual Landscape Exp: 3210
Annual Legal & Acctg: 0
Annual Maint Exp: 15000
Annual Mgmt Exp: 4800
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1880
Owner Association: Yes
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Other Income: 0
Vacancy Allowance: 0.05
Total Monthly Rental Income: 8150

Pmt & Rate Info

Down Payment: 0
Equity: 1199000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Community Features

No Pool: Yes
Barbecue: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Fenced: Yes
Partially Fenced: Yes
Pet Restrictions: Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Fire Sprinklers: Yes
Security Alarm(s): Yes
Vertical Blinds: Yes
Mini Blinds: Yes
Breakfast Bar: Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Accountant: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Garage: Yes
Free: Yes
>1 Space Per Unit: Yes
Attached: Yes
Paved: Yes
Add'l Parking Avail: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Landscaping: Yes

New Financing

Conventional: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

Other (See Remarks): Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Other Type: Packaged Offering; Other (See Remarks) Construction: Wood Frame Const - Finish: Painted; Stucco; Stone Roofing: Built-Up; Metal Floors: Concrete; Sealed; Carpet Sale Includes: Laundry Equipment Community Features: No Pool; Barbecue Exterior Amenities: Landscape Water System; Fenced; Partially Fenced; Pet Restrictions Interior Features: Fire/Smoke Alarm(s); Fire Sprinklers; Security Alarm(s); Vertical Blinds; Mini Blinds; Breakfast Bar Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Cooling: Ceiling Fan(s); Electric; Individual Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP Gas: None Parking Features: Garage; >1 Space Per Unit; Attached; Add'l Parking Avail; Free; Paved Road Surface Type: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Accountant Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; 1031 Exchange Environmental: Other (See Remarks)

Documents

Building plans and floor plans ›

Listing Office: HomeSmart

Last Updated: July - 31 - 2018