$585,000
1135 N HAROLD Street
Tempe, AZ 85288
MLS# 6096476
Status: Closed



1135 N HAROLD Street, Tempe, AZ 85288
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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, 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, 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, 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

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

Details
Maps
Contract Info
Current Price: $585,000
Sold Price: $585,000
Status: Closed
List Date: 2020-06-28
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q37
House Number: 1135
Compass: N
Street Name: HAROLD
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85288
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 2 CRAFTSMAN ON HAROLD MCR 139845
Subdivision: CRAFTSMAN ON HAROLD
Assessor's Map #: 13
Assessor's Parcel #: 186
Add'l Parcels: Yes
Assessor Number: 132-13-186
Legal: LOTS 1 & 2 CRAFTSMAN ON HAROLD MCR 139845
Census Tract: 318400
Tax Municipality: Tempe
Taxes: 8505.88
Tax Year: 2020
Marketing Name: Craftsman on Harold
General Property Description
Lot Size Dimensions: 62' x 124'
Year Built: 2019
Uncvrd Parking Spcs: 6
Total # of Units: 2
# of Buildings: 1
Zoning: R-2
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Cross Street: Scottsdale Road & Curry Road
Directions: Go east on Curry 1/4 mile to Harold St. North on Harold 1/8 mile to property on right.
Geo Lat: 33.442023
Geo Lon: -111.92186
Status Change Info
Status Change Date: 2020-11-07
Off Market Date: 2020-10-07
Under Contract Date: 2020-10-06
Close of Escrow Date: 2020-11-06
Sold Price: $585,000
Legal Info
Township: 1N
Range: 4E
Section: 11
Lot Number: 2
Income & Expenses
Annual Elec Exp: 150
Annual Ins Exp: 1018
Annual Landscape Exp: 600
Annual Mgmt Exp: 7455.84
Annual Wtr/Swr Exp: 150
Owner Association: No
Annual Rplcmnt Rsrvs: 1000
Annual Other Expense: 1902
Operating Exp: 20781.72
Gross Annual Sch Inc: 95100
Vacancy Allowance: 0.02
Adjusted Gross Inc: 93198
Net Operating Income: 74318.28
Pmt & Rate Info
Cap Rate: 6.25
Equity: 1190000
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 3962.5
Avg SqFt: 2140
# Baths: 4
Contact Info
List Agent Home Phn: 602-714-0059
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Duplex
Construction: Frame - Wood
Const - Finish: Painted; Stucco; Brick Trim/Veneer
Roofing: Concrete
Floors: Vinyl
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Compactor; Microwave
Heating: Natural Gas; Central; 2 or More Units
Cooling: Ceiling Fan(s); Electric; Central A/C; 2 or More Units
Water: City Franchise; Individual Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking: Garage; Street Parking; Auto Door Opener
Roads/Streets: Asphalt; Alley
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electric; Gas; Trash; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Supplements
and close to the 202, Tempe town lake business parks, and PHX airport.

Listing Office: HomeSmart

Last Updated: July - 06 - 2022

1135 N HAROLD Street, Tempe, AZ 85288 - MLS# 6096476
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