402 S Beck Avenue, Tempe, AZ 85281

$1,800,000
List Price
$1,800,000
Days on Market
5
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

Mortgage Calculator

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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.