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$585,000
Sold on 11/06/20
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$8,506 |
2019 |
On the market:
131 days
|
View full details, 15 photos, school info, and price history
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 and close to the 202, Tempe town lake business parks, and PHX airport.
Listing courtesy of Jeffrey Valder, HomeSmart