908 S Mariana St - Apartments FOR SALE


Tempe, AZ 85281- Downtown Tempe
$950,000 USD
908 S Mariana St, Tempe, AZ for Sale
$950,000 USD
Apartments - FOR SALE
1/15
null | 4.72% Cap Rate

908 S Mariana St
Tempe, AZ 85281
Downtown Tempe


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$495 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

CAP RATE

4.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mariana Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R-4, Tempe

APN/PARCEL ID

132-73-147

ASK ABOUT THIS PROPERTY

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