1024 E CURRY Road, Tempe, AZ 85288

$1,220,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,220,000 Last Modified: 1/30/2025

Overview

Description

Craftsman on Curry consists of 2 individually-metered town homes located in an OPPORTUNITY ZONE! Units are being sold together but can be sold individually. Fully leased beginning August 1, 2019. 12-month leases signed, all tenants have moved in and have parent co-signers, and $8,800 per month gross rental income – 6.51 CAP rate. Tenants pay all utilities. Each unit is 2,950 SF, 4 very large bedrooms each with a full in-suite bath, huge front porch, large great room with a gorgeous kitchen. Granite slab counters everywhere and very nice SS Kitchen Aid appliances, wood plank-like tile floors everywhere except bedrooms 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.

Listing Details MLS# 5934570

Location, Tax & Legal

Map Code/Grid
Q37
House Number
1024
Compass
E
Street Name
CURRY
St Suffix
Road
City/Town Code
Tempe
State/Province
AZ
Zip Code
85288
Zip4
2077
Country
US
County Code
Maricopa
Subdivision
CRAFTSMAN ON CURRY
Assessor Number
132-12-156
Tax Year
2018
Assessor's Map #
12
Legal Description (Abbrev)
LOT 1 CRAFTSMAN ON CURRY MCR 126509
Assessor's Parcel #
156
Add'l Parcels
Yes
Tax Municipality
Tempe
Census Tract
318400
Taxes
11865.44
Legal
LOTS 1 & 2 CRAFTSMAN ON CURRY MCR 126509
Marketing Name
Craftsman on Curry

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
65' x 126'
Year Built
2017
Uncvrd Parking Spcs
6
Total # of Units
2
# of Buildings
Yes
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
Property is 1/8 mile east of Scottsdale Road on the north side of Curry.

Status Change Info

Off Market Date
2019-10-02
Under Contract Date
2019-10-02
Close of Escrow Date
2019-10-31

Legal Info

Township
1N
Range
4E
Section
11
Lot Number
Yes

More Information

Income Expenses

Gross Annual Sch Inc
105600
Net Operating Income
80683.52

4 Bedrooms Units

# 4 Bedroom Units
2
Avg Rent
4400
Avg SqFt
2950
# 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 $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Other (See Remarks)
Yes

Other Type

Other (See Remarks)
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes
Stone
Yes

Roofing

Concrete
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes
Land & Building
Yes

Income & Expenses

Annual Elec Exp
200
Annual Gas Exp
0
Annual Ins Exp
760
Annual Land Lse Exp
0
Annual Landscape Exp
600
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
8279.04
Annual Trash Exp
0
Annual Wtr/Swr Exp
100
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
1000
Annual Other Expense
0
Operating Exp
22804.48
Other Income
0
Vacancy Allowance
0.02
Adjusted Gross Inc
103488

Pmt & Rate Info

Cap Rate
6.51
Down Payment
0
Equity
1240000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes
2 or More Units
Yes

Exterior Amenities

Landscape Water System
Yes
Fenced
Yes
Cable TV Available
Yes
Patio/Balcony
Yes
Security Light(s)
Yes

Interior Features

Unfurnished
Yes
Mini Blinds
Yes
Shutters
Yes

Tenant Pays

Gas
Yes
Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes

Road Access Type

Alley
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Garage
Yes
Free
Yes
Garage Door Opener
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Underground
Yes
Individual Meter
Yes

Owner Pays

Landscaping
Yes

New Financing

Conventional
Yes
No Carry
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Conventional
Yes
Treat as Free&Clear
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Soil Test
Yes
Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Other (See Remarks) Other Type: Other (See Remarks) Construction: Wood Frame Const - Finish: Painted; Stucco; Stone Roofing: Concrete Floors: Ceramic Tile; Carpet Sale Includes: Building(s) Only; Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Fenced; Cable TV Available; Patio/Balcony; Security Light(s) Interior Features: Unfurnished; Mini Blinds; Shutters Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Natural Gas Cooling: Ceiling Fan(s); Electric; Central Air; 2 or More Units Water Source: City Franchise; Individual Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas; Underground; Individual Meter Parking Features: Garage; Garage Door Opener; Free Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Conventional; Treat as Free&Clear Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: January - 30 - 2025
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