123 W 10TH Street, Tempe, AZ 85281 (MLS# 6284540)

123 W 10TH Street, Tempe, AZ 85281

$1,600,000

Virtual Tour

https://www.propertypanorama.com/instaview/armls/6284540

Bedroom View bedroom - laminate flooring

Property Type: Multiple Dwellings Status: Closed

Current Price: $1,600,000 List Date: 8/27/2021 Last Modified: 2/28/2023

Overview

Description

Owner prefers to sell all 4 condos together, however each unit can be sold separately. Unique& Beautiful 4 patio homes, in desirable Maple-Ash neighborhood close to down town Tempe, ASU, many restaurants and Whole Foods. Within walking distance to ASU campus, to world class entertainment at Gammage Hall and Tempe Center for the Arts, to downtown and Tempe Town Lake. Open floor plans, updated kitchens, bathrooms and flooring. There is a shared carport plus 2 parking spots in front of each unit, and more parking at the back of the units. The private patios provide opportunity for urban gardening, and relaxing and enjoying the serenity of this quaint neighborhood w/tree-lined streets. A must see! Rare to find!

Listing Details MLS# 6284540

Location, Tax & Legal

Map Code/Grid: R37
House Number: 123
Compass: W
Street Name: 10TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5614
Country: US
County Code: Maricopa
Subdivision: 10TH AND ASH PLACE CONDOMINIUM
Assessor Number: 132-45-132
Tax Year: 2020
Assessor's Map #: 45
Legal Description (Abbrev): LOT 4 10TH AND ASH PLACE CONDOMINIUM MCR 104144
Assessor's Parcel #: 132
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 319000
Taxes: 1449
Legal: LOT 4 10TH AND ASH PLACE CONDOMINIUM MCR 104144
Marketing Name: 10th and Ash Condominiums

Contract Info

Ownership: Condominium

General Property Description

Lot Size Dimensions: 145.39 x 129.79 x 146.02 x 129.88
Year Built: 1977
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 2
Zoning: R-2
Flood Zone: No
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Holdeman Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School

Remarks Misc

Cross Street: Mill and University
Directions: From Mill, West on 10th street. From University, South on Ash street

Status Change Info

Off Market Date: 2022-01-06
Under Contract Date: 2021-11-15
Close of Escrow Date: 2022-02-01

Legal Info

Township: 1N
Range: 4E
Section: 22
Lot Number: 4

More Information

Income Expenses

Gross Annual Sch Inc: 78300
Net Operating Income: 69900

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1581
Avg SqFt: 940
# Baths: Yes

Contact Info

List Agent Home Phn: 480-966-9353

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

Other (See Remarks): Yes

Other Type

Packaged Offering: Yes

Construction

Block: Yes
Wood Frame: Yes
Other: Yes

Const - Finish

Stucco: Yes

Roofing

Built-Up: Yes
Tile: Yes

Floors

Wood: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Annual Ins Exp: 3200
Annual Landscape Exp: 1200
Annual Trash Exp: 4000
Owner Association: Yes
Annual Ownr Asoc Fee: 1
Operating Exp: 9850
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 78300
Total Monthly Rental Income: 78300

Pmt & Rate Info

Cap Rate: 3.99
Equity: 1750000
Down Payment %: 25
Monthly Payments: 4842
Total Owed: 0

Showing Notification Methods

Email: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Fenced: Yes
RV/Boat Parking: Yes
Separate Storage: Yes
Other (See Remarks): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Vertical Blinds: Yes
Mini Blinds: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Access Type

Alley: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
Free: Yes
<1 Space Per Unit: Yes
Paved: Yes
Add'l Parking Avail: Yes
RV Access/Parking: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Other (See Remarks) Other Type: Packaged Offering Construction: Block; Wood Frame; Other Const - Finish: Stucco Roofing: Built-Up; Tile Floors: Wood; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; RV/Boat Parking; Separate Storage; Other (See Remarks) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Carport; <1 Space Per Unit; Add'l Parking Avail; RV Access/Parking; Free; Paved Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Email Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: HomeSmart

Last Updated: February - 28 - 2023

Broker Attribution: steffy@myTempereport.com