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    1016 S Mariana Street

    Tempe, AZ 85281
    • $975,000
    • STATUS: Active Under Contract
    • ID#: 6299497
    Under Contract
    $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.

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    © 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 Luxury Group - Realty Executives Arizona Properties. Data last updated 2021-10-28T00:11:45.98.
    www.luxurygroupaz.com/homes/121856974
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    1016 S Mariana Street Tempe, AZ 85281

    • Price: $975,000
    • Status: Active Under Contract
    • ID#: 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 Ucb (Under Contract-Backups) 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 Luxury Group - Realty Executives Arizona Properties. Data last updated 2021-10-28T00:11:45.98.
     
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    Luxury Group - Realty Executives Arizona Properties
    6760 N Oracle Rd Suite 130
    Tucson AZ, 85704