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Listing provided courtesy of Tradelands Realty- MLS# 7010331MLS Provider

616 S HARDY Drive #112Tempe, AZ 85281

Multi-Family
$1,375,000 Active

616 S HARDY Drive #112 Overview

Time on Site:
83 days
Visits:
0

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!

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616 S HARDY Drive #112 Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: Tempe Union High School District

Income/Expenses

  • Other Expense: 6076.0
  • Gross Income: 110979.0
  • Gross Scheduled Income: 116820.0
  • Insurance Expense: 6400.0
  • Maintenance Expense: 5000.0
  • Net Operating Income: 75420.0
  • Operating Expense: 41444.0

Building Information

  • Year Built: 1984

Location/Region

  • Country: US
  • County Or Parish: Maricopa
  • Postal City: Tempe
  • Subdivision Name: WORTHINGTON PLACE CONDOS UINIT 101-148 201-248
  • Township: 1N

Community/Development

  • Community Features: Barbecue,Play Area,Pool

Tax Information

  • Tax Annual Amount: $868.00
  • Tax Year: 2025

General Information

  • Disclosures: Other (See Remarks)
  • Listing Terms: Owner May Carry,Conventional
  • Ownership: Condominium
  • Parcel Number: 124-36-067
  • Property Type: Multiple Dwellings
  • Zoning: Residential

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Electric: APS,SRP
  • Flooring: Tile,Carpet,Vinyl

Unit Information

  • Unit Number: 112

Exterior

Parking Information

  • Open Parking Spaces: 1.0
  • Parking Features: Add'l Parking Avail,Carport

Lot Information

  • Additional Parcels: true
  • Lot Size Dimensions: NA
  • Number Of Buildings: 7
  • Road Surface Type: Asphalt
  • Water Source: Master Meter,Community Franchise

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Shake Siding,Wood Frame
  • Roof: Shake

General Information

  • Covered Spaces: 1.0
  • Number Of Units Total: 7
  • Pool Private: true
  • Sewer: Public Sewer

616 S HARDY Drive #112 Neighborhood

Community

85281 (TEMPE) Demographics

25
Median Age
5,130
Population Density (per sq. mile)
50%
College Educated
$42,545
Estimated Median Income
5,503
Estimated Total Home Owners
20,386
Estimated Total Renters
21% / 79%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

616 S HARDY Drive #112 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

616 S HARDY Drive #112 Market Data

Based on the last 30 days in this zip code

$566,243
Average List Price
$387
Average Price per Square Foot
18
Properties Sold
80
Average Days on Market
149
Properties for Sale
Calculations provided by Reliance Network

616 S HARDY Drive #112 History

Date Event Value Agent
6/7/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$1,375,000 -11.3%
6/7/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Status Change
Active
6/2/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Status Change
Pending
5/19/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$1,549,900 -1.6%
4/7/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
April 07, 2026