402 S Beck Avenue

    Tempe, AZ 85281
    • $1,800,000
    • STATUS: Active
    • MLS #: 5964560
    UPDATED: 166 min ago
    $1,800,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    School District:

    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.

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    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Property Partners at eXp Realty. Data last updated 2019-08-21T00:11:41.543.
    www.propertypartnersaz.com/homes/97917120

    402 S Beck Avenue Tempe, AZ 85281

    • Price: $1,800,000
    • Status: Active
    • Updated: 166 min ago
    • MLS #: 5964560
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1962
    Built
    Neighborhood:
    Pecan Grove Estates
    County:
    Maricopa
    Area:
    Tempe
    School District:
    003 - Tempe School District
    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.
    Exterior Features

    Construction BlockOther (See Remarks) Construction Finish Brick Trim/VeneerOther (See Remarks) Covered Parking Spaces 0.00 Exterior Amenities Landscape Wtr SystemOther (See Remarks) Lot Size Dimensions 165X94 Parking Other (See Remarks) Roads Asphalt/Blacktop Roofing Comp ShingleOther (See Remarks) Total Parking Spaces 8.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 585 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks) Cooling Other (See Remarks) Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other (See Remarks) Heating Other (See Remarks) Interior Amenities Other (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 880.50 1 Bedroom Units 10 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 6916.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 30310.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities Pool(S)Other (See Remarks) Cross Street Hardy & University Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 95570.00 New Financing Conventional1031 ExchangeOther (See Remarks) Operating Exp 34743.00 Other Income 6916.00 Owner Pays WaterSewer Project Type 5 - 12 Units Sale Includes Land & BuildingOther (See Remarks) Sewer Other (See Remarks)Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Tempe Taxes 4433.00 Tenant Pays Electric Vacancy Allowance 0.00 Water City FranchiseOther (See Remarks) Zoning R-3

    Listing courtesy of Abi Multifamily.


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Property Partners at eXp Realty. Data last updated 2019-08-21T00:11:41.543.
     
    The Property Partners at eXp Realty
    7454 E Broadway Blvd
    Tucson AZ, 85710