Tempe, AZ 85281,908 S MARIANA Street
Tempe, AZ 85281,908 S MARIANA Street
Tempe, AZ 85281,908 S MARIANA Street
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$950,000
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908 S MARIANA Street Tempe, AZ 85281

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UPDATED:

03/04/2025 09:53 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Mariana Park I

MLS Listing ID 6829903

Maintenance Fees $1,270

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1959

Annual Tax Amount $1,320

Tax Year 2024

Lot Dimensions 7030

Property Description

Capitalize on a rare investment opportunity with this well-maintained four-plex, ideally situated in the heart of Tempe. This property boasts an unbeatable location, placing you within walking distance to the vibrant Arizona State University Tempe campus, ensuring consistent tenant demand. Additionally, you're just minutes away from the cutting-edge Novus Innovation Corridor, a hub of technology and development, further enhancing the property's appeal.

Enjoy exceptional connectivity with minutes-away access to major highways, facilitating effortless commutes throughout the Phoenix metropolitan area. This strategic location contributes to the property's history of rarely experiencing vacancies, providing a reliable and steady income stream. The property is the end lot of a culdesac with four covered parking spaces. Units feature 1bedroom 1 bathroom units with a seller-owned onsite coin laundry.

This is not just a stable investment; it's an opportunity for growth. Current market analysis indicates significant room to increase rents, allowing you to maximize your return.

For qualified buyers, the seller is offering seller financing, making this an even more accessible and attractive investment prospect. Don't miss out on this chance to acquire a prime Tempe property with exceptional potential.

Drive by only, tenants are unaware of the sale. Do Not Disturb.

All facts and figures are approximate, buyer verify MLS information.

Seller is related to listing agent.

Location

State AZ

County Maricopa

Community Mariana Park I

Zoning M-H

Direction West on University, South on Dorsey (light), West on Orange, Bldg on NW corner of Mariana & Orange. Please do not disturb residents.

Interior

Heating Individual, Electric

Cooling Central A/C

Flooring Other, Ceramic Tile, Vinyl, Concrete

Appliance Other (See Remarks), F/S Oven/Range

Exterior

Parking Features Other (See Remarks), 1 Space/Unit, Street Parking, Common

Community Features No Pool

Roof Type Rolled/Hot Mop

Total Parking Spaces 8

Building

Sewer Public Sewer

Water City Franchise, Master Meter

New Construction No

Schools

Elementary Schools Cecil Shamley School

Middle Schools Cecil Shamley School

High Schools Mcclintock High School

School District Tempe Union High School District

Others

Senior Community No

Tax ID 132-73-147

Acceptable Financing Conventional, Owner May Carry, VA Loan

Listing Terms Conventional, Owner May Carry, VA Loan


Arizona Regional MLS (ARMLS)
Listed by Grace CRE

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agent

Logan Sanchez

Agent | SASA703392000

+1(541) 740-6426

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908 S MARIANA Street