616 S HARDY Drive 112, Tempe, AZ 85281

$1,375,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,375,000 Last Modified: 6/07/2026

Overview

Description

This listing is a bulk sale for 7 identical condos at this property - Units 112, 115, 128, 138, 141, 207, 231. Each unit is rented with good solid tenants except unit 115 we left vacant for buyers to see the floor plan. There is still value ad for these 7 units as the rents can and should be increased in 2026. This is a great opportunity to purchase 7 units at the same located and have immediate cash flow from day one! Don't let this opportunity pass you by. Bring us an offer and lets Talk!

Listing Details MLS# 7010331

Location, Tax & Legal

House Number
616
Compass
S
Street Name
HARDY
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
7802
Country
US
County Code
Maricopa
Subdivision
WORTHINGTON PLACE CONDOS UINIT 101-148 201-248
Assessor Number
124-36-067
Tax Year
2025
Unit #
112
Assessor's Map #
36
Legal Description (Abbrev)
LOT 112 WORTHINGTON PLACE CONDOS UINIT 101-148 201-248 MCR 029114
Assessor's Parcel #
67
Add'l Parcels
Yes
Tax Municipality
Tempe
Census Tract
318800
Taxes
868
Legal
LOT 112 WORTHINGTON PLACE CONDOS UINIT 101-148 201-248 MCR 029114
Marketing Name
South Hardy 7 Units

Contract Info

Ownership
Condominium

General Property Description

Lot Size Dimensions
NA
Year Built
1984
Uncvrd Parking Spcs
Yes
Total # of Units
7
# of Buildings
7
Zoning
Residential
High School District
Tempe Union High School District

Remarks Misc

Cross Street
Hardy and 5th St
Directions
USE GPS

Legal Info

Township
1N
Range
4E
Section
16
Lot Number
112

Income Expenses

Gross Annual Sch Inc
116820
Net Operating Income
75420

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes

2 Bedroom Units

# 2 Bedroom Units
7
Avg Rent
1350
Avg SqFt
2
# Baths
2

Project Type

5 - 12 Units
Yes

Construction

Wood Frame
Yes

Const - Finish

Shake Siding
Yes

Roofing

Shake
Yes

Floors

Tile
Yes
Vinyl
Yes
Carpet
Yes

Sale Includes

Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
6400
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Maint Exp
5000
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
Yes
Annual Ownr Asoc Fee
23100
Annual Other Expense
6076
Operating Exp
41444
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
110979
Total Monthly Rental Income
9735

Pmt & Rate Info

Cap Rate
4.79
Equity
1575000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Combo
Yes

Community Features

Pool
Yes
Play Area
Yes
Barbecue
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Heat Pump
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Microwave
Yes
Refrigerator
Yes
Built-In Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Road Responsibility

Private Maintained Road
Yes

Water Source

Community Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
Add'l Parking Avail
Yes

Electric

APS
Yes
SRP
Yes

Gas

None
Yes

Owner Pays

See Remarks
Yes

New Financing

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

None
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 Construction: Wood Frame Const - Finish: Shake Siding Roofing: Shake Floors: Tile; Vinyl; Carpet Sale Includes: Laundry Equipment Community Features: Pool; Play Area; Barbecue Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave Cooling: Ceiling Fan(s); Heat Pump Water Source: Community Franchise; Master Meter Sewer: Sewer - Public Electric: APS; SRP Gas: None Parking Features: Carport; Add'l Parking Avail Road Surface Type: Asphalt Road Responsibility: Private Maintained Road Owner Pays: See Remarks Tenant Pays: Electricity; Cable TV Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text Lockbox Type: Combo New Financing: Cash; Conventional; Owner May Carry Environmental: None
IDX
Listing Office: Tradelands Realty
Last Updated: June - 07 - 2026
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