Neighborhood: Mariana Park Apartments, Mariana Park I
Welcome to Mariana Park Apartments. Located near ASU's Tempe campus, this fully occupied four-plex is tucked away in a quiet cul-de-sac. Property features all block construction, covered parking, new windows (on some units), central A/C, coin-operated leased laundry equipment, and mature landscaping. All units are 1bed/1bath. The parcel adjoins 903 S Mariana St, which is also a 4-plex for sale at $660,000 (MLS #6124806). Each parcel may be purchased separately; or may be purchased as a portfolio for $1,320,00 million (MLS #6124825) Cap Rate on current rent estimated at 3.59%, with average rents of $829. Proforma Cap Rate estimated at 5.15%, based on market rents of $1050 per unit. Two's units are renovated and remodeled with laminate floors stainless steal appliances updated kitchen's.
The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the ARMLS. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 25th November, 2020 1:13 PM
Have a Question?
Phoenix Residential Real Estate Pros are ready to assist you. You can count on us to be on Your side.