601 S HARDY Drive, Tempe, AZ 85281

$940,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $940,000 Last Modified: 8/06/2021

Overview

Description

Williams Heritage is a six-unit multifamily community, located near downtown Tempe Arizona. The property is comprised of two individually parceled, three-unit buildings consisting of six, one bed/one bath floorplans, that are individually metered for electricity. The property has been extensively renovated with new exterior paint, parking lot resurfacing, desert landscaping, and private patios with turf lawns. Interior renovations consist of, stainless steel appliances, quartz counter tops, plank vinyl wood flooring, new cabinet faces, new plumbing fixtures, new hardware throughout, lights and ceiling fans, and in-unit washers/dryers. Five of the units have already been renovated to this extent and are achieving increased rents, and the last one is currently under renovation.

Listing Details MLS# 5874932

Location, Tax & Legal

Map Code/Grid
R36
House Number
601
Compass
S
Street Name
HARDY
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
3594
Country
US
County Code
Maricopa
Subdivision
STATE PLAT NO 12 AMD
Assessor Number
124-34-019-C
Tax Year
2018
Assessor's Map #
34
Legal Description (Abbrev)
TH PT LOT 30E STATE PLAT NO 12 AMD DAF N2 OF FOL BEG MOST NWLY COR SD LOT TH E 110F S 01D 02M E 15 0
Assessor's Parcel #
19
Assessor Parcel Ltr
C
Add'l Parcels
Yes
Tax Municipality
Tempe
Census Tract
318800
Taxes
2661
Legal
TH PT LOT 30E STATE PLAT NO 12 AMD DAF N2 OF FOL BEG MOST NWLY COR SD LOT TH E 110F S 01D 02M E 15 0
Marketing Name
Williams heritage

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
.38 Acres
Year Built
1980
Uncvrd Parking Spcs
10
Total # of Units
6
# of Buildings
2
Zoning
R-3
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
Hardy Drive & 5th Street
Directions
Located at 601-611 S Hardy Drive Tempe, AZ 85281.

Status Change Info

Off Market Date
2019-06-18
Under Contract Date
2019-05-07
Close of Escrow Date
2019-06-17

Legal Info

Township
1N
Range
4E
Section
16
Lot Number
30E

More Information

1 Bedroom Units

# 1 Bedroom Units
6
Avg Rent
982
Avg SqFt
653
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Tri-Plex
Yes
5 - 12 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Wood
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
2661
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Down Payment
0
Equity
969000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Other
Yes
See Remarks
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Central Air
Yes
Individual
Yes
Other
Yes
See Remarks
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Fenced
Yes
Partially Fenced
Yes
Patio/Balcony
Yes
Other (See Remarks)
Yes

Interior Features

Other (See Remarks)
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Built-In Range
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes
Other
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Paved
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Other (See Remarks)
Yes

Existing 1st Loan

Conventional
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

Other (See Remarks)
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

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex; 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Wood Sale Includes: Land & Building Community Features: Other; See Remarks Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Partially Fenced; Patio/Balcony; Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; Other Heating: Other; See Remarks Cooling: Individual; Central Air; Other; See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas Parking Features: Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Existing 1st Loan: Conventional 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: Other (See Remarks) Environmental: Other (See Remarks)
IDX
Listing Office: Orion Investment Real Estate
Last Updated: August - 06 - 2021
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.