105 S HARDY Drive, Tempe, AZ 85281 (MLS# 6964846)

105 S HARDY Drive, Tempe, AZ 85281

New Listing
$699,000
Property Type: Multiple Dwellings Status: Active
Current Price: $699,000 List Date: 1/08/2026 Last Modified: 1/10/2026

Description

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.

Supplements: 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

More Information MLS# 6964846

Contract Info

Ownership: Fee Simple Current Price: $699,000 List Price: $699,000 Status: Active List Date: 2026-01-07

Location, Tax & Legal

Assessor's Map #: 31 Legal Description (Abbrev): LOT 6 MONTERREY VILLAGE NO. 3 UNIT 1 MCR Assessor's Parcel #: 104 Add'l Parcels: No Tax Municipality: Tempe Census Tract: 318800 Taxes: 1748 Legal: LOT 6 MONTERREY VILLAGE NO. 3 UNIT 1 MCR Marketing Name: Monterrey Village House Number: 105 Compass: S Street Name: HARDY St Suffix: Drive City/Town Code: Tempe State/Province: AZ Zip Code: 85281 Zip4: 2553 County Code: Maricopa Subdivision: MONTERREY VILLAGE NO. 3 UNIT 1 Assessor Number: 124-31-104 Tax Year: 2025

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 6 Lot Size Dimensions: 71 X 100 Flood Zone: No Total # of Units: 4 Elementary School District: Tempe School District High School District: Tempe Union High School District Elementary School: Scales Technology Academy Jr. High School: Geneva Epps Mosley Middle School High School: Tempe High School Year Built: 1969 Zoning: Multi

Legal Info

Range: 4E Section: 16 Township: 1N Lot Number: 6

Project Type

Four Plex: 1

Construction

Block: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Rolled: 1

Floors

Tile: 1

Sale Includes

Land & Building: 1 Laundry Equipment: 1

Income & Expenses

Annual Gas Exp: 816 Annual Ins Exp: 1524 Annual Wtr/Swr Exp: 2640 Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 6728 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0 Total Monthly Rental Income: 3000

Pmt & Rate Info

Equity: 699000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used Phone Call: 1

Lockbox Type

Other: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Electric: 1

Exterior Amenities

Cable TV Available: 1 Sidewalk(s): 1

Tenant Pays

Electricity: 1 Cable TV: 1

Appliances Included

Free-Standing Electric Oven: 1 Microwave: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1 W/D Hookup: 1

Road Access Type

City Street: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

>1 Space Per Unit: 1 Add'l Parking Avail: 1

Electric

APS: 1

Gas

SW Gas: 1

Owner Pays

Water: 1 Sewer: 1 Gas: 1 Landscaping: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 1031 Exchange: 1

Existing 1st Loan

VA: 1 Conventional: 1 Treat as Free&Clear: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Contact Info

List Agent Home Phn: 480-466-1318

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 4 Avg Rent: 750 Avg SqFt: 482 # Baths: 4

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: Rio Salado/Hardy Directions: SE Corner of Hardy and 1st Street Geo Lat: 33.428891 Geo Lon: -111.952033

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Rolled Floors: Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Cable TV Available; Sidewalk(s) Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Microwave; Washer/Dryer; W/D Hookup Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit; Add'l Parking Avail Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Gas; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Phone Call Lockbox Type: Other Existing 1st Loan: VA; Conventional; Treat as Free&Clear New Financing: Cash; VA; Conventional; 1031 Exchange Environmental: None
Listing Office: MMRE Advisors
IDX
Last Updated: January - 10 - 2026
Broker Attribution: pm@mmreadvisors.com

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