959 S ASH Avenue, Tempe, AZ 85281
$3,900,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,900,000
Last Modified:
6/30/2025
Overview
Description
Listing Details MLS# 6388751
Location, Tax & Legal
- Map Code/Grid
- R37
- House Number
- 959
- Compass
- S
- Street Name
- ASH
- St Suffix
- Avenue
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 8695
- County Code
- Maricopa
- Subdivision
- ASH ESTATES
- Assessor Number
- 132-42-118
- Tax Year
- 2021
- Assessor's Map #
- 42
- Legal Description (Abbrev)
- LOT 1 ASH ESTATES MCR 111930
- Assessor's Parcel #
- 118
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 319000
- Taxes
- 11571
- Legal
- LOT 1 ASH ESTATES MCR 111930
- Marketing Name
- The District on Ash
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 19,948
- Year Built
- 2013
- Uncvrd Parking Spcs
- 6
- Total # of Units
- 7
- # of Buildings
- 4
- Zoning
- R-3
- High School District
- Tempe Union High School District
- Elementary School
- Tavan Elementary School
- High School
- Tempe High School
Remarks Misc
- Cross Street
- Mill and University
- Directions
- West on University from Mill to Ash. South on Ash to the property on the East side of the street.
Status Change Info
- Off Market Date
- 2022-07-15
- Under Contract Date
- 2022-06-25
- Close of Escrow Date
- 2022-07-27
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 22
- Lot Number
- Yes
More Information
Income Expenses
- Gross Annual Sch Inc
- 273780
- Net Operating Income
- 223854
1 Bedroom Units
- # 1 Bedroom Units
- Yes
- Avg Rent
- 1882
- Avg SqFt
- 896
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- Yes
- Avg Rent
- 2723
- Avg SqFt
- 1100
- # Baths
- 2
3 Bedrooms Units
- # 3 Bedroom Units
- 5
- Avg Rent
- 3047
- Avg SqFt
- 1648
- # Baths
- 35
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 5 - 12 Units
- Yes
Construction
- Wood Frame
- Yes
- Steel Frame
- Yes
Const - Finish
- Painted
- Yes
- Siding
- Yes
Roofing
- Composition
- Yes
Floors
- Wood
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 755
- Annual Gas Exp
- 0
- Annual Ins Exp
- 3421
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 4800
- Annual Legal & Acctg
- 1500
- Annual Maint Exp
- 2100
- Annual Mgmt Exp
- 12500
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 4752
- Annual Other Expense
- 4200
- Operating Exp
- 45599
- Other Income
- 0
- Vacancy Allowance
- 0.03
- Adjusted Gross Inc
- 265566.6
- Total Monthly Rental Income
- 19815
Status Update
- Multiple Offers Recd
- Yes
Pmt & Rate Info
- Cap Rate
- 5.61
- Equity
- 3990000
- Down Payment %
- 100
- Monthly Payments
- 0
- Total Owed
- 0
Showing Notification Methods
- Text
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
- Central
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
- Heat Pump
- Yes
- Individual
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Green Landscaping
- Yes
- Cable TV Available
- Yes
- Sidewalk(s)
- Yes
- Patio/Balcony
- Yes
- Pet Restrictions
- Yes
- Security Light(s)
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Gas
- Yes
- Water
- Yes
- Electricity
- Yes
- Trash Collection
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Garage
- Yes
- On Street
- Yes
- >1 Space Per Unit
- Yes
- Attached
- Yes
- Paved
- Yes
- Garage Door Opener
- Yes
- Assigned
- Yes
Electric
- APS
- Yes
- Individual Meter
- Yes
Gas
- SW Gas
- Yes
- Individual Meter
- Yes
Owner Pays
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- No Carry
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
5 - 12 Units
Construction:
Wood Frame; Steel Frame
Const - Finish:
Painted; Siding
Roofing:
Composition
Floors:
Wood
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Landscape Water System; Green Landscaping; Cable TV Available; Sidewalk(s); Patio/Balcony; Pet Restrictions; Security Light(s)
Interior Features:
Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included:
Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer
Heating:
Central
Cooling:
Electric; Heat Pump; Individual; Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS; Individual Meter
Gas:
SW Gas; Individual Meter
Parking Features:
Garage; On Street; >1 Space Per Unit; Attached; Garage Door Opener; Assigned; Paved
Road Surface Type:
Asphalt
Owner Pays:
Landscaping
Tenant Pays:
Water; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data:
Owner
Status Update:
Multiple Offers Recd
Showing Notification Methods:
Text
Lockbox Type:
None
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Treat as Free&Clear
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Treat as Free&Clear
Existing 3rd Loan Type:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Conventional; No Carry
Environmental:
None
Listing Office:
HomeSmart
Last Updated: June - 30 - 2025
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