Skip To Content

1016 S Mariana Street

Tempe, AZ 85281
  • $975,000
  • STATUS: Active
  • MLS #: 6299497
Price Reduced
UPDATED: 55 min ago
$975,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Information

Elementary School:
High School:
School District:

Description

HIGHLY sought ASU location. Walking distance and fully renovated units with inside washer and dryers. New fully renovated electric, new plumbing, new roof, new windows, new everything. This magnificent brick building is in perfect condition, 100% occupancy with low maintenance tenants, low expenses, and well kept grounds. This property is currently rented for $961 per unit with terms ending between May and June next year. No HOA, walking distance to light rail, and proforma rentals between to $1600 to $2200 student housing units. Perfect opportunity for the savvy investor. Don't miss this one! Low maintenance with two gorgeous palm trees at the front. No large messy trees that compromise your new roof.

Monthly Payment Calculator



© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than A.Z. & Associates Real Estate Group. Data last updated 2021-10-21T19:12:58.263.
www.soldbytlt.com/homes/121856974
Print Image

1016 S Mariana Street Tempe, AZ 85281

  • Price: $975,000
  • Status: Active
  • Updated: 55 min ago
  • MLS #: 6299497
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1962
Built
Neighborhood:
Mariana Park 2
County:
Maricopa
Area:
Tempe
Elementary School:
Broadmor Elementary School
High School:
Mcclintock High School
School District:
003 - Tempe School District
Property Description
HIGHLY sought ASU location. Walking distance and fully renovated units with inside washer and dryers. New fully renovated electric, new plumbing, new roof, new windows, new everything. This magnificent brick building is in perfect condition, 100% occupancy with low maintenance tenants, low expenses, and well kept grounds. This property is currently rented for $961 per unit with terms ending between May and June next year. No HOA, walking distance to light rail, and proforma rentals between to $1600 to $2200 student housing units. Perfect opportunity for the savvy investor. Don't miss this one! Low maintenance with two gorgeous palm trees at the front. No large messy trees that compromise your new roof.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Green LandscapingLandscape Wtr System Lot Size Dimensions 118*66 Parking 1 Space/Unit Roads Asphalt Roofing Rolled

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeDisposalF/S Oven/RangeMicrowaveRefrigeratorWasher/Dryer Cooling IndividualWindow/Wall Unit Efficiency Unit Avg Sq Ft 452 Efficiency Unit Baths 1 Floors Ceramic TileWood Heating Electric Interior Amenities Unfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 46200.00 Annual Elec Exp 0.00 Annual Gas Exp 360.00 Annual Ins Exp 600.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 1200.00 Community Amenities No PoolOtherSee Remarks Cross Street Rural & University Efficiency Unit Avg Rent 965.00 Efficiency Units 4 Electric Aps Gas Sw Gas Gross Annual Sch Inc 46200.00 Hoa YN No Net Operating Income 30579.00 New Financing 1031 ExchangeConventional Operating Exp 3287.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Other (See Remarks)Projected ProformaProvided By OwnerUnknown Tax Municipality Tempe Taxes 1127.00 Tenant Pays Electric UCB No Vacancy Allowance 0.00 Water City Franchise Zoning Mh

Listing courtesy of Cluff Real Estate Llc.


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than A.Z. & Associates Real Estate Group. Data last updated 2021-10-21T19:12:58.263.
 
https://bt-photos.global.ssl.fastly.net/armls/orig_boomver_2_6299497-2.jpg https://bt-photos.global.ssl.fastly.net/armls/orig_boomver_2_6299497-2.jpg https://bt-photos.global.ssl.fastly.net/armls/orig_boomver_2_6299497-2.jpg
Logo
A.Z. & Associates Real Estate Group
10320 W McDowell Rd, Ste J1033
Avondale AZ, 85392