903 S MARIANA Street, Tempe, AZ 85281

$895,000
Property Type: Multiple Dwellings Bedrooms: 4 Baths: 4 Status: Closed
Current Price: $895,000 Last Modified: 4/03/2025

Overview

Description

This is Mariana Park. A fully block construction, fully occupied and cashflowing fourplex located just a ten minute walk away from the Tempe campus of Arizona State University. No HOA. 100% 1bed/1bath with central A/C.. Covered parking. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.

Listing Details MLS# 6366272

Location, Tax & Legal

Map Code/Grid
R37
House Number
903
Compass
S
Street Name
MARIANA
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
7308
Country
US
County Code
Maricopa
Subdivision
MARIANA PARK I
Assessor Number
132-73-150
Tax Year
2021

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
10,053
Year Built
1959
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
R-3
Elementary School
Flora Thew Elementary School
Jr. High School
Connolly Middle School
High School
McClintock High School

Remarks Misc

Cross Street
University Dr & 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.

Status Change Info

Off Market Date
2022-04-15
Under Contract Date
2022-03-10
Close of Escrow Date
2022-04-15

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
4

More Information

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
891
Avg SqFt
480
# Baths
Yes

Structure

Bedrooms Total
4
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
45600
Net Operating Income
35364.18

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Foam Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Patio/Balcony Appliances Included: Free-Standing Range; Refrigerator Heating: Central Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Gas; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Accountant; Projected Proforma Special: Owner/Agent Lockbox Type: None Existing 1st Loan: Conventional New Financing: VA; FHA; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Keller Williams Realty Phoenix
Office Phone: 480-768-9333
Office Email: rjchristopher@kw.com
Last Updated: April - 03 - 2025
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