902 & 903 S Mariana Street Tempe, AZ 85281
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
|a week ago||Listing updated with changes from the MLS|
|2 months ago||Price changed to $1,320,000|
|2 months ago||Price changed to $1,390,000|
|3 months ago||Listing first seen online|