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$2,595,000
Tempe, AZ 85281
MLS# 6621348
Status: Pending
8 beds | 5 baths
1 / 96
Property Description
Turn-key package offering includes subdivision with 4-patio homes within the heart of Tempe's most iconic neighborhood, Maple-Ash. This university condominium plat comprises 4 spacious patio homes with private fenced backyards and 2-bedrooms. The 10th & Ash condos are full-time furnished rentals, both short-term & long-term, with an exceptional vacancy and revenue history. The property is within walking distance to ASU's main campus (2-min walk), Mill Avenue, and the iconic Gammage Theatre (1/2 block), with close proximity to all ASU & Tempe has to offer! Currently, 2 units are longer-term rentals, whereas the other 2 are full-time, busy AirBnB's/VBRO's. Current annual revenue exceeds $200,000 per year, with an opportunity for more if the future owner decides to make all 4-units AirBnB's.
Details
Maps
Documents
Contract Information
Status Change Date: 2023-12-04
List Price: $2,595,000
Status: Pending
Current Price: $2,595,000
List Date: 2023-10-22
Type: ER
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2.25
Other Compensation: 0.25
Variable Commission: N
Location, Tax & Legal
House Number: 115
Compass: W
Street Name: 10TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Country: USA
County Code: Maricopa
Assessor's Map #: 45
Assessor's Parcel #: 129
Assessor Number: 132-45-129
Subdivision: 10th & Ash Place Condos
Tax Municipality: Tempe
Taxes: 5729
Tax Year: 2022
General Property Description
Dwelling Type: Patio Home
Dwelling Styles: Attached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 8
# Bathrooms: 5
Approx SQFT: 4102
Price/SqFt: 632.62
Horses: N
Builder Name: Unk
Year Built: 1977
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 18918
Approx Lot Acres: 0.434
Pool: None
Marketing Name: Turn-Key STR FourPlex
Elementary School: Holdeman Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Cross Street: 10th St. & Ash Ave.
Directions: Complex is on the S.E. corner of Ash Ave & 10th St. | from Mill Ave: Go west approximately 500-feet on 10th Street | from University: South on Ash Avenue 900' to property
Geo Lat: 33.418944
Geo Lon: -111.941971
Status Change Info
Off Market Date: 2023-12-04
Under Contract Date: 2023-12-04
Legal Info
Lot Number: 6
Association & Fees
HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: N
Parking Spaces
Carport Spaces: 4
Slab Parking Spaces: 12
Total Covered Spaces: 4
Cooling
HVAC SEER Rating: 14
Showing Notification Methods
Showing Service: ShowingTime
Property Features
Special Listing Cond: N/A
Status Update: Multiple Offers Received
Add'l Property Use: Other (See Remarks)
Architecture: Other (See Remarks)
Building Style: 2-3-4 Plex
Master Bathroom: Other (See Remarks)
Fireplace: No Fireplace
Windows: Dual Pane
Pool Features: No Pool
Spa: None
Community Features: Historic District; Near Bus Stop; Near Light Rail Stop
Dining Area: Other (See Remarks)
Kitchen Features: 220 Volts in Kitchen; Range/Oven Elec; Dishwasher; Built-in Microwave; Refrigerator; Engy Star (See Rmks); Pantry; Granite Countertops; Non-laminate Counter
Laundry: Washer Included; Dryer Included; See Remarks
Features: Furnished(See Rmrks); See Remarks
Technology: High Speed Internet Available; Ntwrk Wrng Multi Rms; Smart Home System
Exterior Features: Covered Patio(s); Patio; Pvt Yrd(s)/Crtyrd(s); Storage; Other
Parking Features: Assigned Parking; Common
Construction: Block; Ducts Professionally Air-Sealed; Other (See Remarks)
Const - Finish: Painted; Stucco
Roofing: Foam; Reflective Coating
Cooling: Refrigeration; Ceiling Fan(s); Programmable Thmstat; ENERGY STAR Qualified Equipment; See Remarks
Heating: ENERGY STAR Qualified Equipment; See Remarks
Utilities: APS
Water: City Water
Sewer: Sewer - Public
Services: City Services; Other (See Remarks)
Fencing: Block; See Remarks
Property Description: Corner Lot; North/South Exposure
Landscaping: Desert Front; Yrd Wtring Sys Front; Auto Timer H2O Front
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Other
Possession: By Agreement; Close of Escrow
Unit Style: All on One Level; One Common Wall; End Unit
Association Fee Incl: Other (See Remarks)
Assoc Rules/Info: None; Other (See Remarks)
Existing 1st Loan: Conventional; Treat as Free&Clear
Existing 1st Ln Trms: Non Assumable
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req; Vicinity of an Airport; Other (See Remarks)
proforma-10th and Ash Place 
Listing Office: HomeSmart
Last Updated: December - 04 - 2023
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