402 S Beck Avenue, Tempe, AZ 85281
- $1,450,000
- Sold Price
- $1,450,000
- List Price
- $1,590,000
- Closing Date
- Jan 16, 2020
- Days on Market
- 122
- Status
- CLOSED
- 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 a full 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-add opportunity exists by continuing to raise rents, as well as through completing the interior renovations to the remaining units. The Beck is a single-story, 10-unit apartment building in the heart of Tempe and next to Arizona State University, one of the largest universities in the United States. The property is located just west of the famed Mill Avenue corridor and just 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.
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Additional Information
- School District
- Tempe Union High School District
- Community Features
- Other, See Remarks, Pool
- Construction
- See Remarks, Brick Veneer, Block
- Cooling
- Other, See Remarks
- Electric
- Other (See Remarks)
- Flooring
- Other
- Heating
- Other, See Remarks
- New Financing
- Other (See Remarks), Conventional, 1031 Exchange
- Parking Features
- Other (See Remarks)
- Roofing
- See Remarks, Composition
- Sewer
- Other, Public Sewer
- Subdivision
- Pecan Grove Estates
- Taxes
- $4,433
- Tax Year
- 2018
- Tenant Pays
- Electricity
- Units
- 10
- Water
- Other, See Remarks, City Franchise
- Zoning
- R-3
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Listing courtesy of ABI Multifamily. Selling Office: Metro Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.