1007 S MARIANA Street, Tempe, AZ 85281 (MLS# 5719543)

1007 S MARIANA Street, Tempe, AZ 85281

$475,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $475,000 Last Modified: 6/09/2026

Overview

Description

This brick, garden-style building was just torn down to the studs & completely renovated in 2018 opening up the floorplan then finished with premium finishes. A+ Tempe location, walking distance to ASU & the light rail! Renovation for ALL units include all brand new electrical panels, electric wiring, receptacles/ switches, new roof, all new HVAC systems, new energy efficient dual pane windows, front doors plus security doors, stainless steel appliances, white shaker cabinets, quartz countertops, wood-look tile floors, bathtubs, tile surround, ceiling fans, lighting interior and exterior, plumbing fixtures, hot water tank and more! Renovation was completed by a licensed contractor & permitted by the city of Tempe.

Listing Details MLS# 5719543

Location, Tax & Legal

Map Code/Grid: R37
House Number: 1007
Compass: S
Street Name: MARIANA
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 3892
Country: US
County Code: Maricopa
Subdivision: MARIANA PARK
Assessor Number: 132-73-160
Tax Year: 2017
Assessor's Map #: 73
Legal Description (Abbrev): LOT 8 MARIANA PARK 2 MCR 009530
Assessor's Parcel #: 160
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319101
Taxes: 1001
Legal: LOT 8 MARIANA PARK 2 MCR 009530
Marketing Name: Remodeled 4plex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 118*66
Year Built: 1962
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: MH
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Broadmor Elementary School
High School: McClintock High School

Remarks Misc

Cross Street: Rural & University
Directions: From University Dr, South on Dorsey Ln, West on Orange St, South on Mariana St.

Status Change Info

Off Market Date: 2018-06-26
Under Contract Date: 2018-05-14
Close of Escrow Date: 2018-06-25

Legal Info

Township: 1N
Range: 4E
Section: 23
Lot Number: 8

More Information

Income Expenses

Gross Annual Sch Inc: 38160
Net Operating Income: 30579

Efficiency Units

# Efficiency Units: 4
Avg Rent: 795
Avg SqFt: 402
# Baths: Yes

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

Four Plex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Rolled: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 360
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 450
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 2520
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2050
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 7581
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 38160
Total Monthly Rental Income: 3180

Pmt & Rate Info

Cap Rate: 6.44
Down Payment: 0
Equity: 475000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Community Features

No Pool: Yes
Other: Yes
See Remarks: Yes

Heating

Electric: Yes

Cooling

Window/Wall Unit: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Green Landscaping: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes
1031 Exchange: 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

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes
Other (See Remarks): Yes

Existing Othr Ln Trm

Not Applicable: Yes

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Rolled Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool; Other; See Remarks Exterior Amenities: Landscape Water System; Green Landscaping Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Microwave Cooling: Window/Wall Unit; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner 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 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; 1031 Exchange Environmental: None; Other (See Remarks)

Listing Office: Dwellings Realty Group

Last Updated: June - 09 - 2026