123 W 10TH Street, Tempe, AZ 85281
$1,600,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,600,000
List Date:
8/27/2021
Last Modified:
2/28/2023
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!
More Information MLS# 6284540
Contract Info
Ownership: Condominium
Current Price: $1,600,000
Sold Price: $1,600,000
Status: Closed
List Date: 2021-08-25
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: 10TH AND ASH PLACE CONDOMINIUM
Assessor Number: 132-45-132
Tax Year: 2020
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 145.39 x 129.79 x 146.02 x 129.88
Flood Zone: No
Total # of Units: 4
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
Year Built: 1977
Zoning: R-2
Legal Info
Range: 4E
Section: 22
Township: 1N
Lot Number: 4
Project Type
Other (See Remarks): 1
Other Type
Packaged Offering: 1
Construction
Block: 1
Wood Frame: 1
Other: 1
Const - Finish
Stucco: 1
Roofing
Built-Up: 1
Tile: 1
Floors
Wood: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
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: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
RV/Boat Parking: 1
Separate Storage: 1
Other (See Remarks): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
<1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
RV Access/Parking: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-966-9353
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1581
Avg SqFt: 940
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Mill and University
Directions: From Mill, West on 10th street. From University, South on Ash street
Geo Lat: 33.418748
Geo Lon: -111.942251
Status Change Info
Off Market Date: 2022-01-06
Under Contract Date: 2021-11-15
Close of Escrow Date: 2022-02-01
Sold Price: $1,600,000
Income Expenses
Gross Annual Sch Inc: 78300
Net Operating Income: 69900
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
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