$850,000
902 S MARIANA Street
Tempe, AZ 85281
MLS# 6308106
Status: Closed



902 S MARIANA Street, Tempe, AZ 85281
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Property Description
Welcome to Mariana Park Apartments. Located near ASU's Tempe campus, this fully occupied four-plex is 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. Rents of 900-$1150 per unit. Units are renovated and remodeled with laminate floors stainless steal appliances updated kitchen's.

Details
Maps
Contract Info
Current Price: $850,000
Sold Price: $850,000
Status: Closed
List Date: 2021-10-15
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R37
House Number: 902
Compass: S
Street Name: MARIANA
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 4113
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 3 MARIANA PARK I MCR 009404
Subdivision: MARIANA PARK I
Assessor's Map #: 73
Assessor's Parcel #: 149
Add'l Parcels: No
Assessor Number: 132-73-149
Legal: MARIANA PARK I
Census Tract: 319103
Tax Municipality: Tempe
Taxes: 1278
Tax Year: 2020
Marketing Name: Mariana Park Apartments
General Property Description
Lot Size Dimensions: 8,228 sqft
Year Built: 1959
Total # of Units: 4
# of Buildings: 1
Zoning: R-3
Elementary School: Other
Jr. High School: Other
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Cross Street: University & 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.
Geo Lat: 33.418901
Geo Lon: -111.918929
Status Change Info
Status Change Date: 2022-02-10
Off Market Date: 2022-02-04
Under Contract Date: 2022-01-11
Close of Escrow Date: 2022-02-09
Sold Price: $850,000
Legal Info
Township: 1N
Range: 4E
Section: 23
Lot Number: 3
Income & Expenses
Annual Elec Exp: 500
Annual Ins Exp: 1400
Annual Landscape Exp: 1200
Annual Maint Exp: 2000
Annual Mgmt Exp: 2520
Annual Trash Exp: 1500
Annual Wtr/Swr Exp: 1500
Owner Association: No
Operating Exp: 11898
Gross Annual Sch Inc: 52800
Other Income: 1000
Vacancy Allowance: 0.03
Adjusted Gross Inc: 52186
Totl Mnth Rntal Inc: 4400
Net Operating Income: 40044
Pmt & Rate Info
Cap Rate: 4.47
Down Payment %: 3.5
Monthly Payments: 12
Equity: 895000
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1050
Avg SqFt: 480
# Baths: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Rolled
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Personal Property
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Green Landscaping
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Natural Gas
Cooling: Electric; Individual; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking: Carport; 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma
Lockbox Type: None
New Financing: FHA; Conventional; No Carry; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: Super Fund/WQARF/DOD
Supplements
Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.

Listing Office: Grace CRE

Last Updated: February - 10 - 2022

902 S MARIANA Street, Tempe, AZ 85281 - MLS# 6308106
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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