1135 N Harold Street, Tempe, AZ 85281

$1,299,000
List Price
$1,299,000
Days on Market
5
Status
ACTIVE
MLS#
6096476
City
Tempe
Lot Size
4
Subdivision
Craftsman On Harold
Year Built
2019

Property Description

Craftsman on Harold consists of 2 individually-metered town homes built in 2019, generating $75,294.98 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 - 5.80 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 and close to the 202, Tempe town lake business parks, and PHX airport.

Additional Information

School District
213 - Tempe Union High School District
Construction
Frame - Wood
Cooling
2 or More Units, Central A/C, Electric Refrigeratd
Electric
APS, Individual Meter
Finish
Brick Trim/Veneer, Painted, Stucco
Floors
Vinyl/Composition
Gas
Individual Meter, SW Gas
Guest House Sq Ft
10
Heating
2 or More Units, Ceiling Fan(s), Central, Gas
Lot Size
4
New Financing
1031 Exchange, Conventional
Parking
Auto Door Opener, Garage, Street Parking
Project Type
Duplex
Roofing
Concrete
Sewer
Sewer - Public, Sewer-In & Connected
Pool
Yes
Subdivision
Craftsman On Harold
Taxes
$7,947
Tenant Pays
Cable TV, Electric, Gas, Sewer, Trash, Water
Units
2
Water
City Franchise, Individual Meter
Zoning
R-2

Mortgage Calculator

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Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of HomeSmart.

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