903 S MARIANA Street, Tempe, AZ 85281

$895,000
Property Type: Multiple Dwellings 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
Assessor's Map #
73
Legal Description (Abbrev)
LOT 4 MARIANA PARK I MCR 009404
Assessor's Parcel #
150
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319103
Taxes
1310
Legal
LOT 4 MARIANA PARK I MCR 009404
Marketing Name
Mariana Park

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

Income Expenses

Gross Annual Sch Inc
45600
Net Operating Income
35364.18

1 Bedroom Units

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

Foam
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1310
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
44232
Total Monthly Rental Income
3800

Pmt & Rate Info

Cap Rate
3.95
Equity
895000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Central
Yes

Cooling

Central Air
Yes

Exterior Amenities

Desert Landscaping
Yes
Partially Fenced
Yes
Patio/Balcony
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Accountant
Yes
Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
1 Space/Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Gas
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

VA
Yes
FHA
Yes
No Carry
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Conventional
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency 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: 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
Last Updated: April - 03 - 2025
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