306 S Hardy Drive Unit #25, Tempe, AZ 85281

$1,750,000
List Price
$1,750,000
Days on Market
380
Status
ACTIVE
MLS#
6492850
City
Tempe
Lot Size
14,835
Subdivision
State Plat 12 Am

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: 31,552Minutes 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.

Additional Information

Elementary School
Scales Technology Academy
High School
Tempe High School
Middle School
Geneva Epps Mosley Middle School
School District
Tempe Union High School District
Acres
0.63
Electric
APS
Existing Land Use
Other (See Rmks), Residential Lot
Gas
SW Gas
Lot Size
14,835
New Financing
Cash, Conventional
Parcel Size
.50 - .99 Acres
Potential Use
Multi-Family
Road Streets
Asphalt
Sewer
Sewer - Public
Subdivision
State Plat 12 Am
Taxes
$2,257
Tax Year
2022
Unit Number
25
Water
City Franchise, Irrigation Pipe
Zoned Presently
Multi-Family
Zoning
R20

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Congress Realty, Inc..

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved.