Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,375,000
Last Modified:
6/07/2026
Search
616 S HARDY Drive 112, Tempe, AZ 85281
$1,375,000
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!
More Information MLS# 7010331
Contract Info
Ownership: Condominium
Current Price: $1,375,000
List Price: $1,375,000
Status: Active
List Date: 2026-04-07
Location, Tax & Legal
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
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
General Property Description
# of Buildings: 7
Uncvrd Parking Spcs: 1
Lot Size Dimensions: NA
Total # of Units: 7
High School District: Tempe Union High School District
Year Built: 1984
Zoning: Residential
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: 112
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Shake Siding: 1
Roofing
Shake: 1
Floors
Tile: 1
Vinyl: 1
Carpet: 1
Sale Includes
Laundry Equipment: 1
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
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
Combo: 1
Community Features
Pool: 1
Play Area: 1
Barbecue: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Road Responsibility
Private Maintained Road: 1
Water Source
Community Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Add'l Parking Avail: 1
Electric
APS: 1
SRP: 1
Gas
None: 1
Owner Pays
See Remarks: 1
New Financing
Cash: 1
Conventional: 1
Owner May Carry: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 7
Avg Rent: 1350
Avg SqFt: 2
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Hardy and 5th St
Directions: USE GPS
Geo Lat: 33.424296
Geo Lon: -111.953262
Income Expenses
Gross Annual Sch Inc: 116820
Net Operating Income: 75420
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
Listing Office:
Tradelands Realty
Last Updated: June - 07 - 2026
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