1209 S Ash Ave Tempe, AZ 85281

CBRE is please to announce the exclusive offering of Tempe Ash, a 10 unit multifamily opportunity located in the desirable historic Maple Ash neighborhood of downtown Tempe, Arizona. Comprised of one and two bedroom floorplans including two standalone houses the asset is a premier investment opportunity to own within walking distance of Arizona State University, one of the largest universities in the country. The Maple-Ash Historic Neighborhood is a charming blend of rich history, vibrant community, and picturesque landscapes that beckon both residents and visitors alike. With its tree-lined streets and beautifully preserved homes dating back to the early 20th century, this neighborhood is a living testament to the area’s architectural heritage, showcasing styles ranging from Craftsman to Mission Revival. The community fosters a warm and inviting atmosphere, where neighbors gather at local parks, farmers' markets, and seasonal events, creating a sense of belonging that is hard to find elsewhere. The proximity to downtown Tempe ensures easy access to a plethora of shopping, dining, and entertainment options. Tempe Ash represents an exceptional opportunity to acquire an unrenovated asset in the heart of Tempe’s highly coveted historic district allowing for significant upside potential through renovations or redevelopment allowing the owner to maximize rental income through the demand of premium student or market rate housing which currently outpaces supply.