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Home > 117 W 10TH Street, Tempe, AZ 85281 (MLS# 6924208)

117 W 10TH Street, Tempe, AZ 85281

$2,595,000
Property Type: Multiple Dwellings Status: Active
Current Price: $2,595,000 List Date: 10/10/2025 Last Modified: 12/04/2025

Description

Rare Investment Opportunity in Prime Tempe Location! Don't miss this incredible chance to own four beautifully remodeled patio homes on one lot in the heart of the Maple & Ash Historic District—just steps from ASU's main campus! This turnkey, multi-unit property includes: Three 2 bed / 1 bath units One 2 bed / 2 bath unit - Each home is thoughtfully updated and move-in ready, featuring: Modern kitchens with updated appliances In-unit washer/dryer Spacious covered patios Private, fenced yards Dedicated carports with additional storage Ample overflow parking in the back lot. Located just 1,200 feet from the iconic Frank Lloyd Wright-designed Gammage Theater, and only a 3-minute walk to ASU, this property sits in one of Tempe's most sought-after neighborhoods.

Supplements: Walk to Mill Avenue, Tempe Town Lake, and top local spots like Casey Moore's Oyster House, with quick access to Scottsdale, the airport, and multiple MLB spring training venues. Whether you're looking for a prime income-generating asset or a strategic location for future appreciation, this property checks all the boxes. **Check the documents tab for full details on renovations, upgrades, and individual unit features.

More Information MLS# 6924208

Contract Info

Ownership: Fee Simple Current Price: $2,595,000 List Price: $2,595,000 Status: Active List Date: 2025-09-23

Location, Tax & Legal

Assessor's Map #: 45 Legal Description (Abbrev): LOT 2 10TH AND ASH PLACE CONDOMINIUM MCR 104144 Assessor's Parcel #: 130 Add'l Parcels: Yes Tax Municipality: Tempe Census Tract: 319000 Taxes: 5729 Legal: LOT 2 10TH AND ASH PLACE CONDOMINIUM MCR 104144 Marketing Name: Maple Ash Gem House Number: 117 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: 132-45-130 Tax Year: 2024

General Property Description

# of Buildings: 2 Uncvrd Parking Spcs: 12 Lot Size Dimensions: (N)145.39' x (E)129.79' | (S) 146.02' x (W)129.88' Flood Zone: No Total # of Units: 4 Elementary School District: Tempe 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] Multi-Fam

Legal Info

Range: 4E Section: 22 Township: 1N Lot Number: 6

Project Type

Four Plex: 1 Other (See Remarks): 1

Other Type

Packaged Offering: 1 Other (See Remarks): 1

Construction

Block: 1 Other: 1

Const - Finish

Painted: 1 Other (See Remarks): 1

Roofing

Foam: 1 Other: 1

Floors

Other: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 3600 Annual Ins Exp: 3000 Annual Landscape Exp: 3000 Annual Maint Exp: 2280 Annual Wtr/Swr Exp: 2040 Owner Association: No Annual Ownr Asoc Fee: 0 Annual Other Expense: 3080 Operating Exp: 22729 Other Income: 0 Vacancy Allowance: 0.07 Adjusted Gross Inc: 0

Pmt & Rate Info

Cap Rate: 6.9 Equity: 2595000 Down Payment %: 25 Monthly Payments: 360 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

None: 1

Community Features

Other: 1 See Remarks: 1

Heating

Heat Pump: 1 Individual: 1 ENERGY STAR Qualified Equipment: 1 Other: 1 See Remarks: 1

Cooling

Ceiling Fan(s): 1 ENERGY STAR Qualified Equipment: 1 Heat Pump: 1 Individual: 1 2 or More Units: 1 See Remarks: 1

Exterior Amenities

Landscape Water System: 1 Desert Landscaping: 1 Fenced: 1 Partially Fenced: 1 Curb(s) & Gutter(s): 1 Cable TV Available: 1 Sidewalk(s): 1 Patio/Balcony: 1 Separate Storage: 1 Security Light(s): 1 Other (See Remarks): 1

Interior Features

Furnished: 1 Unfurnished: 1 Partially Furnished: 1 Fire/Smoke Alarm(s): 1 Security Alarm(s): 1 Other (See Remarks): 1

Tenant Pays

Electricity: 1 Cable TV: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1 W/D Hookup: 1 Other: 1

Road Surface Type

Asphalt: 1 Concrete: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1

Water Source

City Franchise: 1 Submetered System: 1

Sewer

Sewer - Public: 1

Parking Features

Carport: 1 <1 Space Per Unit: 1 Paved: 1 Add'l Parking Avail: 1 Assigned: 1

Electric

APS: 1 Individual Meter: 1 Other (See Remarks): 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Gas: 1 Landscaping: 1 Other: 1

New Financing

Cash: 1 Conventional: 1 1031 Exchange: 1 Other (See Remarks): 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

Seller Prop Disc Stm: 1 Development Plan Avl: 1 Subd Rpt/Exemption: 1 Other (See Remarks): 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 3000 Avg SqFt: 1000 # Baths: 6

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: 10th St & Ash Ave Directions: Complex is on the S.E. corner of Ash Ave & 10th St. | from Mill Ave: Go west approximately 500-feet on 10th Street | from University: South on Ash Avenue 900' to property Geo Lat: 33.41874 Geo Lon: -111.942011

Income Expenses

Net Operating Income: 178931

Property Features

Project Type: Four Plex; Other (See Remarks) Other Type: Packaged Offering; Other (See Remarks) Construction: Block; Other Const - Finish: Painted; Other (See Remarks) Roofing: Foam; Other Floors: Other Sale Includes: Land & Building Community Features: Other; See Remarks Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Partially Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks) Interior Features: Furnished; Unfurnished; Partially Furnished; Fire/Smoke Alarm(s); Security Alarm(s); Other (See Remarks) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup; Other Heating: Individual; Heat Pump; ENERGY STAR Qualified Equipment; Other; See Remarks Cooling: Ceiling Fan(s); Heat Pump; Individual; 2 or More Units; ENERGY STAR Qualified Equipment; See Remarks Water Source: City Franchise; Submetered System Sewer: Sewer - Public Electric: APS; Individual Meter; Other (See Remarks) Gas: None Parking Features: Carport; <1 Space Per Unit; Add'l Parking Avail; Assigned; Paved Road Surface Type: Asphalt; Concrete Owner Pays: Water; Gas; Landscaping; Other Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange; Other (See Remarks) Environmental: None

Documents

Listing Office: eXp Realty
IDX
Last Updated: December - 04 - 2025
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