1135 N HAROLD Street, Tempe, AZ 85288
$585,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$585,000
Last Modified:
2/24/2025
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.
More Information MLS# 6096476
Contract Info
Ownership: Fee Simple
Current Price: $585,000
Sold Price: $585,000
Status: Closed
List Date: 2020-06-28
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: CRAFTSMAN ON HAROLD
Assessor Number: 132-13-186
Tax Year: 2020
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 62' x 124'
Total # of Units: 2
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Year Built: 2019
Zoning: R-2
Legal Info
Range: 4E
Section: 11
Township: 1N
Lot Number: 2
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Brick Veneer: 1
Roofing
Concrete: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
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: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Central: 1
2 or More Units: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
2 or More Units: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Trash Compactor: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Garage: 1
On Street: 1
Garage Door Opener: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Landscaping: 1
New Financing
Conventional: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-714-0059
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 3962.5
Avg SqFt: 2140
# Baths: 4
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
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
Off Market Date: 2020-10-07
Under Contract Date: 2020-10-06
Close of Escrow Date: 2020-11-06
Sold Price: $585,000
Income Expenses
Gross Annual Sch Inc: 95100
Net Operating Income: 74318.28
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
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