510 W UNIVERSITY Drive 118, Tempe, AZ 85281

$1,400,000
Property Type: Multiple Dwellings Bedrooms: 16 Baths: 16 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

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

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

2 Bedroom Units

# 2 Bedroom Units
8
Avg SqFt
864
# Baths
2

Structure

Bedrooms Total
16
Bathrooms Total
16

Showing Notification Methods

Showing Service
Aligned Showings

Sold Info

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

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
Office Phone: 480-355-3500
Office Email: Sindy@AzGreatHomes.com
Last Updated: April - 16 - 2026
Broker Attribution: 480-612-7475

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