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
The District on Ash, is a unique community of seven quality constructed townhomes Located in a residential neighborhood within minutes to downtown Tempe, Mill Avenue and Arizona State University. Numerous dining, shopping and entertainment options are within walking distance of the community. All units have unique floorplans, complete with hard wood floors, gas ranges, granite countertops, ceramic farm sinks and in-unit laundry rooms. Some of the units have attached
double garages. oversized porches and extensive storage. Residents can enjoy outdoor living in a trendy, urban setting.
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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