1135 N HAROLD Street $1,170,000

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    1135 N HAROLD Street Tempe, AZ 85281

    Closed
    SOLD 11/6/2020

    $1,170,000

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 6096476
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    Views: 51

    Property Details

    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

    • General Features
      • Community Amenities No Pool
      • County Maricopa
      • Covered Parking Spcs 4.00
      • 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.
      • Gas Individual Meter,SW Gas
      • Marketing Name Craftsman on Harold
      • New Financing 1031 Exchange,Conventional
      • Parking Auto Door Opener,Garage,Street Parking
      • Project Type Duplex
      • Roofing Concrete
      • Special Listing Conditions Owner/Agent
      • Subdivision CRAFTSMAN ON HAROLD
      • Tax Municipality Tempe
      • Taxes $8,505
      • Total Units 2.00
      • Year Built 2019
      • Zoning R-2
    • Building Features
      • Construction Frame - Wood
      • Appliances Included BI Oven/Range,Compactor,Dishwasher,Disposal,Microwave,Refrigerator
      • Floors Vinyl/Composition
      • Cooling 2 or More Units,Central A/C,Electric Refrigeratd
      • Heating 2 or More Units,Ceiling Fan(s),Central,Gas
    • Room Features
      • # 1 Bedroom Units 0
      • 1 Bedroom Units: Avg Rent 0.00
      • 1 Bedroom Units: Avg SqFt 0
      • 1 Bedroom Units: # Baths 0
      • # 2 Bedroom Units 0
      • 2 Bedroom Units: # Baths 0
      • 2 Bedroom Units: Avg Rent 0.00
      • 2 Bedroom Units: Avg SqFt 0
      • # 3 Bedroom Units 0
      • 3 Bedroom Units: Avg SqFt 0
      • 3 Bedrooms Units: # Baths 0
      • 3 Bedrooms Units: Avg Rent 0.00
      • # 4 Bedroom Units 2
      • 4 Bedrooms Units: # Baths 4
      • 4 Bedrooms Units: Avg Rent 3962.50
      • 4 Bedroom Units: Avg SqFt 2140
    • Property Features
      • Efficiency Units: # Efficiency Units 0
      • Efficiency Units: # Baths 0
      • Efficiency Units: Avg SqFt 0
      • Efficiency Units: Avg Rent 0.00
      • Legal Info: Township 11
      • Tenant Pays Cable TV,Electric,Gas,Sewer,Trash,Water
      • Owner Pays Landscaping
      • Income & Expenses: Net Operating Income 74318.28
      • Income & Expenses: Gross Annual Sch Inc 95100.00
      • Income & Expenses: Adjusted Gross Inc 93198.00
      • Legal Info: Range 4E
      • Legal Info: Lot Number 2
      • Total Parking Space 10.00
      • Electric APS,Individual Meter
      • Lot Size Dimensions 62' x 124'
      • Sewer Sewer - Public,Sewer-In & Connected
      • Water City Franchise,Individual Meter
    • Schools
      • School District 213 - Tempe Union High School District

    Neighborhood

    85281 (Tempe) Demographics

    23 Median Age
    4,597 Population Density (per sq. mile)
    47% College Educated
    $31,921 Estimated Median Income
    4,529 Estimated Total Home Owners
    17,529 Estimated Total Renters
    21% / 79% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    61,382 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $303,000 Median Sales Price
    56 Homes Sold
    53 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source New Value: $1,299,000 11.03%
        11/6/2020 12:00:00 AM Sold Source New Value: $1,170,000
        10/7/2020 8:08:34 AM Status Changed Source New Value: Pending
        10/7/2020 7:54:31 AM Status Changed Source New Value: Active
        10/6/2020 4:54:24 PM Status Changed Source New Value: Pending

        About

        Matt Rivera

        Matt Rivera Regional Mortgage Manager

        Matt Rivera – Regional Mortgage Manager, Long Mortgage

        Matt Rivera has more than 18 years of experience in the lending industry. He has experience in a wide variety of positions vital to the originating, funding and eventual sale of residential mortgages.  Matt currently manages a team of Mortgage Consultants, Processors and Closer in multiple states. Matt is a native Tucsonan and a graduate of the University of Arizona’s Eller College of Management with a major in Finance.  

        Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 1/25/2021 4:01:05 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.