902 S MARIANA Street, Tempe, AZ 85281
$850,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$850,000
Last Modified:
2/02/2026
Description
Welcome to Mariana Park Apartments. Located near ASU's Tempe campus, this fully occupied four-plex is tucked away in a quiet cul-de-sac. Property features all block construction, covered parking, new windows (on some units), central A/C, coin-operated leased laundry equipment, and mature landscaping. All units are 1bed/1bath. Rents of 900-$1150 per unit. Units are renovated and remodeled with laminate floors stainless steal appliances updated kitchen's.
Supplements: Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.
More Information MLS# 6308106
Contract Info
Ownership: Fee Simple
Current Price: $850,000
Sold Price: $850,000
Status: Closed
List Date: 2021-10-15
Location, Tax & Legal
Assessor's Map #: 73
Legal Description (Abbrev): LOT 3 MARIANA PARK I MCR 009404
Assessor's Parcel #: 149
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319103
Taxes: 1278
Legal: MARIANA PARK I
Marketing Name: Mariana Park Apartments
Map Code/Grid: R37
House Number: 902
Compass: S
Street Name: MARIANA
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 4113
County Code: Maricopa
Subdivision: MARIANA PARK I
Assessor Number: 132-73-149
Tax Year: 2020
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 8,228 sqft
Total # of Units: 4
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Other
Jr. High School: Other
Year Built: 1959
Zoning: R-3
Legal Info
Range: 4E
Section: 23
Township: 1N
Lot Number: 3
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Rolled: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 500
Annual Ins Exp: 1400
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 2000
Annual Mgmt Exp: 2520
Annual Trash Exp: 1500
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 11898
Other Income: 1000
Vacancy Allowance: 0.03
Adjusted Gross Inc: 52186
Total Monthly Rental Income: 4400
Pmt & Rate Info
Cap Rate: 4.47
Down Payment: 0
Equity: 895000
Down Payment %: 3.5
Monthly Payments: 12
Total Owed: 0
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Interior Features
Unfurnished: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
FHA: 1
No Carry: 1
1031 Exchange: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
Super Fund/WQARF/DOD: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1050
Avg SqFt: 480
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: University & Dorsey
Directions: From University Dr, turn south (right) onto Dorsey Ln, then turn right (west) onto Orange St, then right (north) onto Mariana St. Continue to the end of cul-de-sac.
Geo Lat: 33.418901
Geo Lon: -111.918929
Status Change Info
Off Market Date: 2022-02-04
Under Contract Date: 2022-01-11
Close of Escrow Date: 2022-02-09
Sold Price: $850,000
Income Expenses
Gross Annual Sch Inc: 52800
Net Operating Income: 40044
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Rolled
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Personal Property
Community Features: No Pool
Exterior Amenities: Landscape Water System; Green Landscaping
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator
Heating: Natural Gas
Cooling: Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: Carport; 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
New Financing: FHA; Conventional; No Carry; 1031 Exchange
Environmental: Super Fund/WQARF/DOD
Listing Office:
Grace CRE
Last Updated: February - 02 - 2026
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