908 S Mariana St Tempe, AZ 85281
Downtown Tempe NeighborhoodEstimated payment $5,413/month
Highlights
- Ceramic Tile Flooring
- Central Air
- Individual Controls for Heating
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,320
Year Built
- Built in 1959
Flooring
- Concrete
- Ceramic Tile
- Vinyl
Parking
- 8 Parking Spaces
- 4 Covered Spaces
- Common or Shared Parking
- On-Street Parking
Schools
- Cecil Shamley Elementary And Middle School
- Mcclintock High School
Utilities
- Central Air
- Individual Controls for Heating
- Master Water Meter
Listing and Financial Details
- The owner pays for gas, trash collection, water, sewer, landscaping
- Tax Lot 1
- Assessor Parcel Number 132-73-147
Community Details
Overview
- 4 Units
- Building Dimensions are 7030
- Mariana Park I Subdivision
Building Details
- Operating Expense $10,627
- Gross Income $55,480
- Net Operating Income $44,853
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,320 | $11,783 | -- | -- |
| 2024 | $1,304 | $11,222 | -- | -- |
| 2023 | $1,304 | $62,460 | $12,490 | $49,970 |
| 2022 | $1,251 | $47,780 | $9,550 | $38,230 |
| 2021 | $1,260 | $39,710 | $7,940 | $31,770 |
| 2020 | $1,221 | $32,770 | $6,550 | $26,220 |
| 2019 | $1,198 | $25,180 | $5,030 | $20,150 |
| 2018 | $1,168 | $18,750 | $3,750 | $15,000 |
| 2017 | $1,134 | $17,850 | $3,570 | $14,280 |
| 2016 | $1,126 | $16,220 | $3,240 | $12,980 |
| 2015 | $1,081 | $16,300 | $3,260 | $13,040 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/04/2025 03/04/25 | For Sale | $950,000 | 0.0% | -- |
| 01/06/2017 01/06/17 | Rented | $650 | 0.0% | -- |
| 12/09/2016 12/09/16 | For Rent | $650 | 0.0% | -- |
| 01/20/2015 01/20/15 | Sold | $227,500 | -3.2% | $118 / Sq Ft |
| 12/19/2014 12/19/14 | Pending | -- | -- | -- |
| 07/25/2014 07/25/14 | For Sale | $235,000 | -- | $122 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $379,950 | Pioneer Title Agency Inc | |
| Warranty Deed | $375,000 | Thomas Title & Escrow | |
| Warranty Deed | $227,500 | Stewart Title & Trust Of Pho | |
| Cash Sale Deed | $139,500 | The Talon Group Baseline | |
| Trustee Deed | $129,806 | Accommodation | |
| Special Warranty Deed | $335,000 | None Available | |
| Warranty Deed | $335,000 | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Special Warranty Deed | $2,000,000 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $255,000 | New Conventional | |
| Previous Owner | $229,867 | VA | |
| Previous Owner | $268,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $268,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $1,732,500 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6829903
APN: 132-73-147
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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