601 S Hardy Drive, Tempe, AZ 85281

$1,300,000
Property Type: Multiple Dwellings Bedrooms: 6 Baths: 6 Status: Active
Current Price: $1,300,000 Last Modified: 9/03/2026

Overview

Description

Williams Heritage is a six-unit multifamily community located near Downtown Tempe and Arizona State University. The property comprises two adjacent, separately parceled, single- story triplex buildings situated on approximately 0.38 combined acres. The separate parcels offer the potential for residential financing, providing additional flexibility for qualified buyers. Williams Heritage is strategically located near Downtown Tempe, approximately 1.3 miles from Arizona State University's Tempe campus. The property provides convenient access to Mill Avenue, Tempe Town Lake, Marina Heights, the Novus Innovation Corridor and other major employment, education and entertainment destinations.

Listing Details MLS# 7074936

Location, Tax & Legal

House Number
601
Compass
S
Street Name
Hardy
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Country
US
County Code
Maricopa
Assessor Number
124-34-019-C
Tax Year
2025
Assessor's Map #
34
Assessor's Parcel #
19
Assessor Parcel Ltr
C
Add'l Parcels
Yes
Tax Municipality
Tempe
Taxes
1647
Legal
TH PT LOT 30E STATE PLAT NO 12 AMD DAF N2 OF FOL BEG MOST NWLY COR SD LOT TH E 110F S 0102M E 15 0F TH W 110F TH N 150F
Marketing Name
Williams Heritage

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
UNK
Year Built
1980
Uncvrd Parking Spcs
9
Total # of Units
6
# of Buildings
2
Zoning
R-3
Elementary School District
Tempe School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
University and Hardy
Directions
From Hardy, between Priest and Mill, and University Drive, go North, property is on the East side of street just past W 7th Street.

Legal Info

Lot Number
30E

1 Bedroom Units

# 1 Bedroom Units
6
Avg Rent
1325
Avg SqFt
653
# Baths
Yes

More Information

Structure

Bedrooms Total
6
Bathrooms Total
6

Income Expenses

Gross Annual Sch Inc
95280
Net Operating Income
67079

Showing Notification Methods

Showing Service
No Showing Service Used

Contact Info

List Agent Home Phn
602-703-5277

Project Type

5 - 12 Units
Yes

Efficiency Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Other
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1647
Other Income
4200
Vacancy Allowance
0.05
Adjusted Gross Inc
94506

Pmt & Rate Info

Cap Rate
5.16
Equity
1300000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

Other
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes
Electric
Yes

Exterior Amenities

Desert Landscaping
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Free-Standing Electric Oven
Yes
Microwave
Yes
Refrigerator
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Other Sale Includes: Land & Building Community Features: Other Exterior Amenities: Desert Landscaping Interior Features: Fire/Smoke Alarm(s) Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave Cooling: Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; Conventional; No Carry Environmental: None
IDX
Listing Office: Coldwell Banker Commercial Realty
Last Updated: September - 03 - 2026
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