1024 E CURRY Road, Tempe, AZ 85288

$1,220,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 8 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

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

4 Bedrooms Units

# 4 Bedroom Units
2
Avg Rent
4400
Avg SqFt
2950
# Baths
4

Structure

Bedrooms Total
8
Bathrooms Total
8

Income Expenses

Gross Annual Sch Inc
105600
Net Operating Income
80683.52

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: 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
Office Phone: 480-443-7400
Office Email: rlarue@hsmove.com
Last Updated: January - 30 - 2025
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