906 S MARIANA Street, Tempe, AZ 85281

$780,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $780,000 Last Modified: 5/19/2025

Overview

Description

Tens of thousands of dollars spent updating this single level Tempe Cul-De-Sac Fourplex. Fully leased - for nearly a year! All units have been updated over the past 5 years including new appliances, windows, flooring, plumbing. Includes Shaker style cabinets with modern backsplash tile, vinyl hardwood-like floors, carpet in bedrooms, modern fixtures throughout, central air, ceiling fans, covered parking (1 for each unit). All 1 Bedroom units. Near ASU, light rail, Mill Avenue, Farmer Arts District and more.

Listing Details MLS# 6697502

Location, Tax & Legal

House Number
906
Compass
S
Street Name
MARIANA
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
4113
Country
US
County Code
Maricopa
Subdivision
MARIANA PARK I
Assessor Number
132-73-148
Tax Year
2023
Assessor's Map #
73
Assessor's Parcel #
148
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319103
Taxes
1179
Legal
Lot 2 Mariana Park 1
Marketing Name
Mariana Paek

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
IRR
Year Built
1959
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
Multi
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Cecil Shamley School
Jr. High School
Cecil Shamley School
High School
McClintock High School

Remarks Misc

Cross Street
McClintock and University
Directions
W. to Dorsey. S. to Orange. W. to property.

Status Change Info

Off Market Date
2024-07-22
Under Contract Date
2024-07-20
Close of Escrow Date
2024-08-07

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
2

More Information

Income Expenses

Gross Annual Sch Inc
52800
Net Operating Income
34530

Showing Notification Methods

Showing Service
Aligned Showings

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
1100
Avg SqFt
480
# Baths
Yes

Sold Info

Loan Type
Cash
Payment Type
Other
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

Built-Up
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
1928
Annual Gas Exp
0
Annual Ins Exp
800
Annual Land Lse Exp
0
Annual Landscape Exp
4380
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
2470
Annual Trash Exp
0
Annual Wtr/Swr Exp
4873
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
15630
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
50160
Total Monthly Rental Income
4400

Pmt & Rate Info

Cap Rate
4.34
Down Payment
0
Equity
795000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

See Private Remarks
Yes
None
Yes

Community Features

No Pool
Yes
Other
Yes
See Remarks
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Cable TV Available
Yes
Sidewalk(s)
Yes
Separate Storage
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Vertical Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Other (See Remarks)
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
1 Space/Unit
Yes
>1 Space Per Unit
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Master Meter
Yes

Owner Pays

Sewer
Yes
Gas
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
Cash to Loan
Yes
Conventional
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

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
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: Built-Up Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool; Other; See Remarks Exterior Amenities: Landscape Water System; Green Landscaping; Cable TV Available; Sidewalk(s); Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds Appliances Included: Free-Standing Range; Refrigerator; Microwave Heating: Heat Pump Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas; Master Meter Parking Features: Carport; 1 Space/Unit; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Gas; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Other (See Remarks) Lockbox Type: See Private Remarks; None 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: Cash; Cash to Loan; Conventional Environmental: None

Documents

IDX
Listing Office: HomeSmart
Last Updated: May - 19 - 2025
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