510 W UNIVERSITY Drive 118, Tempe, AZ 85281
$1,200,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,200,000
Last Modified:
1/20/2026
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
More Information MLS# 6969635
Contract Info
Ownership: Condominium
Current Price: $1,200,000
List Price: $1,200,000
Status: Active
List Date: 2026-01-16
Location, Tax & Legal
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
House Number: 510
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
County Code: Maricopa
Subdivision: HERMOSA PLACE CONDOMINIUMS
Assessor Number: 124-33-122
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: irregular
Flood Zone: TBD
Total # of Units: 8
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
Year Built: 1986
Zoning: R3
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: 118
Project Type
5 - 12 Units: 1
Other Type
Packaged Offering: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Floors
Ceramic Tile: 1
Carpet: 1
Other: 1
Sale Includes
Other (See Remarks): 1
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
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Community Features
Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Free-Standing Electric Oven: 1
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
Private Road: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Unknown: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Other: 1
New Financing
Cash: 1
Special
Estate Sale: 1
Incorporated Area: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 0
Avg SqFt: 864
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 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
Geo Lat: 33.422264
Geo Lon: -111.946318
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
Listing Office:
RE/MAX Excalibur
Last Updated: January - 20 - 2026
Broker Attribution:
480-612-7475
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