402 S Beck Avenue

Tempe, AZ 85281

Price

$1,800,000

Days on Market

6

Status

ACTIVE

MLS#

5964560

City

Tempe

Subdivision

Pecan Grove Estates

Year Built

1962

Property Description

The Beck consists of (10) 1-bedroom units in a mid-century, block-constructed,single-story building. Many upgrades have been done on the property with afull exterior renovation and full interior updating on a number of the units.Washer / dryers have been added to 3 of the units as well. Value-addopportunity exists by continuing to raise rents, as well as through completingthe interior renovations to the remaining units. The Beck is a single-story, 10-unit apartment building in the heart of Tempe andnext to Arizona State University, one of the largest universities in the UnitedStates. The property is located just west of the famed Mill Avenue corridor andjust south of Tempe Town Lake. It is a short bike ride to the ASU campus and the
nearest light rail station (at 3rd and Mill), both located approximately 1 mile
away. The location is as central is it gets and allows residents to enjoy, with ease,
so much of what Tempe has to offer. The Tempe Town Lake and Tempe Beach
Park are minutes away with year-round activities including water sports, multiple
annual music and food festivals, and more. The property is also just minutes to
both the 202 Freeway and the 143, allowing easy access to all parts of the
Valley. Also a short distance away is where the 2 million square foot State Farm
campus sits, as well as where many new projects are underway, making this area
of Tempe not only popular because of the University but also one of the most
desirable areas in all of Arizona to live and work. This is truly the bulls-eye of the
Phoenix metropolitan area.

Additional Information

School District

213 - Tempe Union High School District

Construction

Block, Other (See Remarks)

Cooling

Other (See Remarks)

Electric

Other (See Remarks)

Exterior Amenities

Landscape Wtr System, Other (See Remarks)

Finish

Brick Trim/Veneer, Other (See Remarks)

Floors

Other (See Remarks)

Gas

Other (See Remarks)

Guest House Sq Ft

8

Heating

Other (See Remarks)

Interior Amenities

Other (See Remarks)

New Financing

Conventional, 1031 Exchange, Other (See Remarks)

Parking

Other (See Remarks)

Project Type

5 - 12 Units

Roofing

Comp Shingle, Other (See Remarks)

Sewer

Other (See Remarks), Sewer - Public

Pool

Yes

Subdivision

Pecan Grove Estates

Taxes

$4,433

Tenant Pays

Electric

Units

10

Water

City Franchise, Other (See Remarks)

Zoning

R-3

property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image
480-779-7484

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of ABI Multifamily.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved.