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
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.
More Information MLS# 6388751
Contract Info
Ownership: Fee Simple Current Price: $3,900,000 Sold Price: $3,900,000 Status: Closed List Date: 2022-04-25
Location, Tax & Legal
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 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
General Property Description
# of Buildings: 4 Uncvrd Parking Spcs: 6 Lot Size Dimensions: 19,948 Total # of Units: 7 High School District: Tempe Union High School District Elementary School: Tavan Elementary School High School: Tempe High School Year Built: 2013 Zoning: R-3
Legal Info
Range: 4E Section: 22 Township: 1N Lot Number: 1
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1 Steel Frame: 1
Const - Finish
Painted: 1 Siding: 1
Roofing
Composition: 1
Floors
Wood: 1
Sale Includes
Land & Building: 1
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: 1
Pmt & Rate Info
Cap Rate: 5.61 Equity: 3990000 Down Payment %: 100 Monthly Payments: 0 Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1 Central: 1
Cooling
Central Air: 1 Electric: 1 Heat Pump: 1 Individual: 1
Exterior Amenities
Landscape Water System: 1 Green Landscaping: 1 Cable TV Available: 1 Sidewalk(s): 1 Patio/Balcony: 1 Pet Restrictions: 1 Security Light(s): 1
Interior Features
Unfurnished: 1 Fire/Smoke Alarm(s): 1 Mini Blinds: 1
Tenant Pays
Gas: 1 Water: 1 Electricity: 1 Trash Collection: 1 Cable TV: 1
Appliances Included
Dishwasher: 1 Disposal: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1 On Street: 1 >1 Space Per Unit: 1 Attached: 1 Paved: 1 Garage Door Opener: 1 Assigned: 1
Electric
APS: 1 Individual Meter: 1
Gas
SW Gas: 1 Individual Meter: 1
Owner Pays
Landscaping: 1
New Financing
Conventional: 1 No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1 Avg Rent: 1882 Avg SqFt: 896 # Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1 Avg Rent: 2723 Avg SqFt: 1100 # Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 5 Avg Rent: 3047 Avg SqFt: 1648 # Baths: 35
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: West on University from Mill to Ash. South on Ash to the property on the East side of the street. Geo Lat: 33.41975 Geo Lon: -111.942033
Status Change Info
Off Market Date: 2022-07-15 Under Contract Date: 2022-06-25 Close of Escrow Date: 2022-07-27 Sold Price: $3,900,000
Income Expenses
Gross Annual Sch Inc: 273780 Net Operating Income: 223854
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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