$1,750,000
Tempe, AZ 85281
MLS# 6492850
1 / 10
Property Description
Prime, new construction location in Tempe, AZ with exceptional opportunity to build 12 townhomes or apts. Excellent for diversifying an investment portfolio with steady rental revenue in one of the fastest growing metro areas in the USA. Buildable potential: 12 units Lot size: 136' x 202' Sq ft: 31,552 Minutes from ASU and an ideal location with EZ access to all points of interest in the Valley of the Sun. Urban in-fill project with a 2022 COE offering the potential for attractive depreciation allowance in 2023.
Details
Maps
Contract Information
Current Price: $1,750,000
List Price: $1,750,000
Status: Active
List Date: 2022-11-25
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 1
Variable Commission: Y
Location, Tax & Legal
Map Code/Grid: R36
House Number: 306
Compass: S
Street Name: HARDY
St Suffix: Drive
Lot #: 25
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2516
Country: USA
County Code: Maricopa
Assessor's Map #: 29
Assessor's Parcel #: 75
Assessor Parcel Ltr: K
Add'l Parcels: Yes
Assessor Number: 124-29-075-K
Legal Description (Abbrev): STATE PLAT 12 AMD N2 LOT 25 EX W 426F & ALSO TH PT DAF BEG N LN S2 LOT 25 SD PT ALSO LY ON E LN OF
Subdivision: STATE PLAT 12 AM
Census Tract: 318800
Tax Municipality: Tempe
Taxes: 2257
Tax Year: 2022
General Property Description
Apx Total Acres: 0.63
Apx Total Acres G/N: G
Price Per Acre: 2777777.78
# Lots in Listing: 2
# Units Allowed: 12
Apx SqFt: 14835
Price Per SqFt: 117.96
Apx SqFt G/N: G
Lot Size Dimensions: 136 x 202
Zoning: R20
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Directions: 306 S. Hardy Dr. between 3th St & W. Rio Salado Parkway
Geo Lat: 33.427172
Geo Lon: -111.952772
Status Change Info
Status Change Date: 2022-11-25
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 25
Pmt & Rate Info
Equity: 1750000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Other (See Rmks)
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: .50 - .99 Acres
Roads/Streets: Asphalt
Road Responsibility: City Maintained Road
Topography: Level
Existing Structures: Residence
Water: City Franchise; Irrigation Pipe
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Distance to Cable: Call Listing Office
Distance to Phone: Call Listing Office
Distance to Water: Call Listing Office
Distance to Electric: Call Listing Office
Distance to Gas: Call Listing Office
Distance to Sewer: Call Listing Office
New Financing: Conventional
Reports/Disclosures: None
Environmental: None
Lockbox Type: None
Listing Office: Congress Realty, Inc.
Last Updated: December - 29 - 2023
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Monday 6th of May 2024 04:47 AM