906 S MARIANA Street, Tempe, AZ 85281
$780,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$780,000
Last Modified:
5/19/2025
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.
More Information MLS# 6697502
Contract Info
Ownership: Fee Simple
Current Price: $780,000
Sold Price: $780,000
Status: Closed
List Date: 2024-04-26
Location, Tax & Legal
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
House Number: 906
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: 132-73-148
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: IRR
Total # of Units: 4
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
Year Built: 1959
Zoning: Multi
Legal Info
Range: 4E
Section: 23
Township: 1N
Lot Number: 2
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Built-Up: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
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
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
See Private Remarks: 1
None: 1
Community Features
No Pool: 1
Other: 1
See Remarks: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Cable TV Available: 1
Sidewalk(s): 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
>1 Space Per Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Master Meter: 1
Owner Pays
Sewer: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Cash to Loan: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1100
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: McClintock and University
Directions: W. to Dorsey. S. to Orange. W. to property.
Geo Lat: 33.418714
Geo Lon: -111.918964
Status Change Info
Off Market Date: 2024-07-22
Under Contract Date: 2024-07-20
Close of Escrow Date: 2024-08-07
Sold Price: $780,000
Income Expenses
Gross Annual Sch Inc: 52800
Net Operating Income: 34530
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
Rent Roll ›
Listing Office:
HomeSmart
Last Updated: May - 19 - 2025
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