Tempe, AZ 85288,1135 N HAROLD Street
Tempe, AZ 85288,1135 N HAROLD Street
Tempe, AZ 85288,1135 N HAROLD Street
Tempe, AZ 85288,1135 N HAROLD Street
Tempe, AZ 85288,1135 N HAROLD Street
Tempe, AZ 85288,1135 N HAROLD Street
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$585,000

$1,190,000

50.8%
Est.Price: ?

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Est. payment /mo

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

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Arizona Regional MLS (ARMLS)
Listed by HomeSmart
Bought with Realty One Group

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Rod Hofeling

Partner | Lic# LIC#BR112580000 (not required)

+1(602) 549-0169

1345 E Chandler Blvd Suite 219, Phoenix, AZ, 85048

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