306 S HARDY Drive $1,750,000

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    306 S HARDY Drive Tempe, AZ 85281

    • 0.63 Acres
    • Land
    • MLS# 6492850
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    Views: 38 Days On Site: 66

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    Property Details

    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: 31,552Minutes 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.

    • General Features
      • County Maricopa
      • Directions 306 S. Hardy Dr. between 3th St & W. Rio Salado Parkway
      • Existing Land Use Other (See Rmks),Residential Lot
      • For Sale/Lease Sale
      • New Financing Cash,Conventional
      • Potential Use Multi-Family
      • Presently Zoned Multi-Family
      • Special Listing Conditions N/A
      • Subdivision STATE PLAT 12 AM
      • Tax Year 2022
      • Taxes $2,257
      • Zoning R20
    • Property Features
      • Apx. Total Acres1 0.63
      • Legal Info: Lot Number 25
      • Electric APS
      • Gas SW Gas
      • Sewer Sewer - Public
      • Water City Franchise,Irrigation Pipe
    • Schools
      • Elementary School Scales Technology Academy
      • High School Tempe High School
      • Middle School Gililland Middle School

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    Neighborhood

    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
    69,197 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $393,500 Median Sales Price
    12 Homes Sold
    26 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,750,000
        11/25/2022 9:25:00 AM New in Database Source: Multiple Listing Service New Value: $1,750,000

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        Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Data last updated 1/30/2023 6:43:27 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Engel & Völkers Scottsdale.

        All information should be verified by the recipient and none is guaranteed as accurate by ARMLS


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.