510 W UNIVERSITY Drive 118, Tempe, AZ 85281

$1,400,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,400,000 Last Modified: 4/16/2026

Overview

Description

Bulk sale of 8 condos. No individual unit sales Building A units 101, 103, 201, 203 Building F units 118, 119, 218, 220. 223/mo hoa per unit = $2,676/unit/yr OPPORTUNITY ZONE, tax implications? GEOID 04013318800 DESIGNATED QOZ ARIZONA MARICOPA COUNTY

Listing Details MLS# 6969635

Location, Tax & Legal

House Number
510
Compass
W
Street Name
UNIVERSITY
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Country
US
County Code
Maricopa
Subdivision
HERMOSA PLACE CONDOMINIUMS
Assessor Number
124-33-122
Tax Year
2025
Unit #
118
Building Number
F
Assessor's Map #
33
Legal Description (Abbrev)
LOT 101 HERMOSA PLACE CONDOMINIUMS UNIT 101-120 201-220 MCR 031334
Assessor's Parcel #
122
Add'l Parcels
Yes
Tax Municipality
Tempe
Census Tract
318800
Taxes
1825
Legal
SEE PRIVATE REMARKS
Marketing Name
Hermosa Place Condominium

Contract Info

Ownership
Condominium

General Property Description

Lot Size Dimensions
irregular
Year Built
1986
Total # of Units
8
# of Buildings
2
Zoning
R3
Flood Zone
TBD
Elementary School District
Tempe School District
High School District
Tempe Union High School District
Elementary School
Scales Technology Academy
Jr. High School
Geneva Epps Mosley Middle School
High School
Tempe High School
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
Mill & University
Directions
West of Mill on University to Hermosa Place sign, turn right into complex. Building A East side on University, Building F West side on University

Status Change Info

Off Market Date
2026-04-16
Under Contract Date
2026-03-25
Close of Escrow Date
2026-04-16

Legal Info

Township
1N
Range
4E
Section
16
Lot Number
118

More Information

Showing Notification Methods

Showing Service
Aligned Showings

2 Bedroom Units

# 2 Bedroom Units
8
Avg SqFt
864
# Baths
2
Avg Rent
0

Sold Info

Loan Type
Other
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

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Tile
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes
Other
Yes

Sale Includes

Other (See Remarks)
Yes

Income & Expenses

Owner Association
Yes
Annual Ownr Asoc Fee
223
Operating Exp
2048
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Equity
1200000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Supra
Yes

Community Features

Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Tenant Pays

Other (See Remarks)
Yes

Appliances Included

Dishwasher
Yes
Free-Standing Electric Oven
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Access Type

Private Road
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Unknown
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Other
Yes

New Financing

Cash
Yes

Special

Estate Sale
Yes
Incorporated Area
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

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
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 Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Ceramic Tile; Carpet; Other Sale Includes: Other (See Remarks) Community Features: Pool Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Dishwasher Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: 1 Space/Unit Road Access Type: Private Road Road Surface Type: Asphalt Owner Pays: Other Tenant Pays: Other (See Remarks) Source of Fincl Data: Unknown Special: Estate Sale; Incorporated Area Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash Environmental: None
IDX
Listing Office: RE/MAX Excalibur
Last Updated: April - 16 - 2026
Broker Attribution: 480-612-7475

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