1135 N HAROLD Street, Tempe, AZ 85288 (MLS# 6096476)

1135 N HAROLD Street, Tempe, AZ 85288

$585,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $585,000 Last Modified: 2/24/2025

Overview

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

Supplements: and close to the 202, Tempe town lake business parks, and PHX airport.

Listing Details MLS# 6096476

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: US
County Code: Maricopa
Subdivision: CRAFTSMAN ON HAROLD
Assessor Number: 132-13-186
Tax Year: 2020
Assessor's Map #: 13
Legal Description (Abbrev): LOT 2 CRAFTSMAN ON HAROLD MCR 139845
Assessor's Parcel #: 186
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 318400
Taxes: 8505.88
Legal: LOTS 1 & 2 CRAFTSMAN ON HAROLD MCR 139845
Marketing Name: Craftsman on Harold

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 62' x 124'
Year Built: 2019
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: Go east on Curry 1/4 mile to Harold St. North on Harold 1/8 mile to property on right.

Status Change Info

Off Market Date: 2020-10-07
Under Contract Date: 2020-10-06
Close of Escrow Date: 2020-11-06

Legal Info

Township: 1N
Range: 4E
Section: 11
Lot Number: 2

More Information

Income Expenses

Gross Annual Sch Inc: 95100
Net Operating Income: 74318.28

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 $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Duplex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes
Brick Veneer: Yes

Roofing

Concrete: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

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 Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 1000
Annual Other Expense: 1902
Operating Exp: 20781.72
Other Income: 0
Vacancy Allowance: 0.02
Adjusted Gross Inc: 93198

Pmt & Rate Info

Cap Rate: 6.25
Equity: 1190000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

Phone Call: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Natural Gas: Yes
Central: Yes
2 or More Units: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
2 or More Units: 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
Trash Compactor: 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
On Street: Yes
Garage Door Opener: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

Landscaping: Yes

New Financing

Conventional: Yes
1031 Exchange: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: 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: Duplex Construction: Wood Frame Const - Finish: Painted; Stucco; Brick Veneer Roofing: Concrete Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Trash Compactor; Microwave Heating: Natural Gas; Central; 2 or More Units 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; Individual Meter Parking Features: Garage; On Street; Garage Door Opener 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: Treat as Free&Clear New Financing: Conventional; 1031 Exchange Environmental: None

Listing Office: HomeSmart

Last Updated: February - 24 - 2025