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    1135 N Harold Street

    Tempe, AZ 85281
    • $1,190,000
    • STATUS: Active
    • ON SITE: 94 days
    • MLS #: 6096476
    Price Reduced
    $1,190,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:
    Area:

    School Ratings & Info

    School District:

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

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-10-01T00:12:01.027.
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    1135 N Harold Street Tempe, AZ 85281

    • Price: $1,190,000
    • Status: Active
    • MLS #: 6096476
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2019
    Built
    Neighborhood:
    Craftsman On Harold
    County:
    Maricopa
    Area:
    Tempe
    School District:
    003 - Tempe School District
    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 ASUand close to the 202, Tempe town lake business parks, and PHX airport.
    Exterior Features

    Construction Frame - Wood Construction Finish Brick Trim/VeneerPaintedStucco Covered Parking Spaces 4.00 Lot Size Dimensions 62' X 124' Parking Auto Door OpenerGarageStreet Parking Roads AlleyAsphalt Roofing Concrete

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 2140 4 Bedroom Unit Baths 4 Appliances Included Bi Oven/RangeCompactorDishwasherDisposalMicrowaveRefrigerator Cooling 2 Or More UnitsCentral A/CElectric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl/Composition Heating 2 Or More UnitsCeiling Fan(S)CentralGas

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 3962.50 4 Bedroom Units 2 Adjusted Gross Inc 93198.00 Annual Elec Exp 150.00 Annual Ins Exp 1018.00 Annual Landscape Exp 600.00 Annual Mgmt Exp 7455.84 Annual Other Expense 1902.00 Annual Ownr Asoc Fee 0.00 Annual Rplcmnt Rsrvs 1000.00 Annual Wtr Swr Exp 150.00 Community Amenities No Pool Cross Street Scottsdale Road & Curry Road Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 95100.00 Hoa YN No Net Operating Income 74318.28 New Financing 1031 ExchangeConventional Operating Exp 20781.72 Other Income 0.00 Owner Pays Landscaping Project Type Duplex Sale Includes Land & Building Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Tempe Taxes 8505.88 Tenant Pays Cable TvElectricGasSewerTrashWater Vacancy Allowance 0.02 Water City FranchiseIndividual Meter Zoning R-2

    Listing courtesy of Homesmart.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-10-01T00:12:01.027.
     
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    8360 E Raintree Dr.
    Scottsdale AZ, 85260