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$1,320,000

902 & 903 S Mariana Street
Tempe, AZ 85281

For Sale|Multi-Family|Active
Subdivision:
MARIANA PARK I
County:
Maricopa

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480-294-8680
902 & 903 S Mariana Street902 & 903 S Mariana Street902 & 903 S Mariana Street902 & 903 S Mariana Street
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Welcome to Mariana Park Apartments.This is a portfolio of two 4 plexs. Located near ASU's Tempe campus, these fully occupied four-plexs are 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. The parcel adjoins 903 S Mariana St, which is also a 4 plex. Each parcel may be purchased separately; for $660,000 each or may be purchased as a portfolio for $1,320,000. Cap Rate on current rent estimated at 3.59%, with average rents of $829. ProForma Cap Rate estimated at 5.15%, based on market rents of $1050 per unit. 2 of the units have been recently remodeled, other units have updates and granite counters.

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Listing Snapshot
Price
$1,320,000
Days Online
92 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1959
MLS Number
6124825
Status
Active
Property Tax
$2,462
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS
2 months agoPrice changed to $1,320,000
2 months agoPrice changed to $1,390,000
3 months agoListing first seen online
General Features
Construction
Block
Lot Dimensions
8,228 sqft
Sewer
Sewer - Public
Water
City Franchise
Gas
Individual MeterSW Gas
Project Type
5 - 12 UnitsFour Plex
Interior Features
Cooling
Central A/CElectric RefrigeratdIndividual
Heating
Gas
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Exterior Features
Roof
Rolled
Community Features
Zoning
R-3
Schools
School District
Tempe Union High School District
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Grace CRE.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020-present Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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