$585,000
$1,190,000
50.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/06/2020
Key Details
Sold Price $585,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Craftsman On Harold
MLS Listing ID 6096476
Sold Date 11/06/20
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2019
Annual Tax Amount $8,505
Tax Year 2020
Lot Dimensions 62' x 124'
Property Description
Craftsman on Harold consists of 2 individually-metered town homes built in 2019, generating $74,318.28 NOI, located in an Opportunity Zone! Units are now being sold together but can be sold individually later. Fully leased through July 30, 2021. 12-month student leases signed with parent co-signers, with a solid cash flow of $7,925 per month gross rental income – 6.25 CAP rate. Tenants pay all utilities. Value-add opportunity exists by continuing to raise rents. Each unit is 2,140 SF, 4 large bedrooms, 3.5 baths, large front porch, large great room with a gorgeous kitchen. Granite slab counters everywhere and very nice SS Kitchen Aid appliances, commercial-grade wood plank-like vinyl floors everywhere for durability. No HOA. In demand, convenient, urban location only 1 mile from ASU and close to the 202, Tempe town lake business parks, and PHX airport.
Location
State AZ
County Maricopa
Community Craftsman On Harold
Zoning R-2
Direction Go east on Curry 1/4 mile to Harold St. North on Harold 1/8 mile to property on right.
Interior
Heating Central, 2 or More Units, Natural Gas
Cooling 2 or More Units, Central A/C, Electric, Ceiling Fan(s)
Appliance Compactor, Dishwasher, Disposal, Refrigerator, Microwave, BI OvenRange
Exterior
Community Features No Pool
Waterfront No
Roof Type Concrete
Total Parking Spaces 10
Garage Yes
Building
Sewer Sewer-In & Connected, Public Sewer
Water City Franchise, Individual Meter
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 132-13-186
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with Realty One Group
GET MORE INFORMATION
Partner | Lic# LIC#BR112580000 (not required)