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Key Details
Sold Price $585,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Craftsman On Harold
MLS Listing ID 6096476
Sold Date 11/06/20
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2019
Annual Tax Amount $8,505
Tax Year 2020
Lot Dimensions 62' x 124'
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 β 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 and close to the 202, Tempe town lake business parks, and PHX airport.
Location
State AZ
County Maricopa
Community Craftsman On Harold
Zoning R-2
Direction Go east on Curry 1/4 mile to Harold St. North on Harold 1/8 mile to property on right.
Interior
Heating Central, 2 or More Units, Natural Gas
Cooling 2 or More Units, Central A/C, Electric, Ceiling Fan(s)
Appliance Compactor, Dishwasher, Disposal, Refrigerator, Microwave, BI OvenRange
Exterior
Community Features No Pool
Waterfront No
Roof Type Concrete
Total Parking Spaces 10
Garage Yes
Building
Sewer Sewer-In & Connected, Public Sewer
Water City Franchise, Individual Meter
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 132-13-186
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Conventional
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Bought with Realty One Group
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