105 S HARDY Drive
Tempe, AZ, 85281 $ 699,000
Baths0.0 Monthly Estimate*
$ 4,304
Studio for $699,000. This home was built in 1969.
Prime Tempe location within easy walking distance to the Tempe Center for the Arts and Tempe Town Lake, and just one mile from Arizona State University. This well-maintained 4-unit property offers a total of 1,927 square feet and strong rental appeal in one of Tempe's most desirable areas. Each unit features a functional kitchen-living room combo, 1 bedroom, and 1 full bath. The two north units include washer and dryer hookups. Bonus! A conceptual site plan to create a second floor addition has been developed for future expansion. A narrative has been included detailing the project , site plans are available as well. The property is masonry block construction with synthetic stucco exterior, offering durability and low maintenance. Tenants enjoy easy access and an onsite concrete parking lot with six parking spaces, a valuable amenity in this high-demand location. A complete remodel in 2012 updated all units with modern finishes, including porcelain tile flooring, baseboards, shower surrounds, and tile wainscot in all bathrooms. Kitchens were upgraded with granite countertops, European-style melamine cabinetry, black appliances (refrigerators, smooth-top stoves, and microwaves). Additional improvements include new interior doors, hardware, jambs, trim, wood window casing, double-pane aluminum windows throughout, updated electrical panels, track and recessed lighting, ceiling fans, and coaxial wiring in every room for internet connectivity. Contemporary metal corrugated siding accents the roof screen and mechanical room. An exceptional opportunity to own a turnkey, upgraded multi-family asset in a walkable, high-demand Tempe location near arts, recreation, and ASU. October 25, 2019 City of Tempe Planning department 31 E. 5th St. Tempe, AZ 85281 RE: 105 S. Hardy Description of change The subject property currently is a single story low sloped roof of exterior block, stucco, 4 unit building. Existing is one bedroom, one bath and one small kitchen per unit. New construction will be adding a second floor with a new common wall running the entire length and height of the building north to south to divide the building into two distinct units. Each unit of the new second floor above the existing single story building will contain one large great room, one bedroom , new kitchen and one bath on the second floor in each unit. The lower level of each unit of the duplex will contain 3 bedrooms,1 bath, a common area and a laundry area. The provided parking of 6 spaces is sufficient standards for the new use. The footprint of the lower building will remain the same with the exception of the new cantilevered deck to the north and slight addition of 6 second floor posts steel posts to the east and west. The existing sidewalks, west site wall, north paver patio area, concrete parking area, mature landscaping with several large trees and the existing grades will remain intact. One new sidewalk will be added along the west side to gain access to the newly created west facing door. Lower level of tannish sand finish stucco over the current first floor exterior block walls will remain as is in selected places. The current mill finish aluminum window sizes will be duplicated above on the second floor as to provide continuity. The exterior cladding will be a combination of a Fabral Cocoa Brown vertical metal siding along with delineated sections of horizontal galvalum interspersed below the window sections. The roof will consist of metal roof of a galvalum finish. The exterior soffit andfascia will be the galvalum color. The building will be fairly maintained free as it will have all prefinshed metal. Please let me know if I may provide any more information. Thank you. Glenn Odegard Nordic Properties, LLC Nordic Builders, Inc. Lic. 160685 KB-01
See more
FeaturesGeneralSewer Public Sewer
Heating Electric
Cooling Electric
Roof Rolled/Hot Mop
Zoning Multi
Construction Materials Painted Stucco Block
Year Built 1969
Electric APS
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 0.0
Community Features No Pool
County Maricopa
Net Operating Income 0.0
Operating Expense 6728.0
Insurance Expense 1524.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name MONTERREY VILLAGE NO. 3 UNIT 1
Garage Y/N N
Status Active
Directions SE Corner of Hardy and 1st Street
High School Tempe High School
City Tempe
Disclosures None
High School District Tempe Union High School District
Open Parking Spaces 6.0
Number Of Units Total 4
Carport Y/N N
Elementary School Scales Technology Academy
Tax Annual Amount 1748.0
Fuel Expense 816.0
Middle/Junior High School Geneva Epps Mosley Middle School
Water Sewer Expense 2640.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Tempe School District
Tax Lot 6
New Financing: Conventional True
Senior Community N
New Financing: Cash True
New Financing: VA True
See more
ExteriorParking Features Add'l Parking Avail >1 Space Per Unit
Water Source City Franchise
Total Parking 6.0
Number of Buildings 1
Spa N
Lot Dimensions 71 X 100
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
See more
InteriorAir Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
See more
* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $4,304
- Monthly Property Taxes
- $146
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Tempe, AZ
Average List Price $1,166,500
Percent of Sale Price 67%
About Tempe, AZ 178,468 Population
13% Since 2002
$ 52,533 Median Income
31.86 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
4327390 Elementary School
4327128 Middle School
Tempe High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/8/2026 | $699,000 | | Listed Price |