Price Reduction
402 S Beck Avenue Tempe, AZ
$ 1,590,000
Property Attributes
  • MLS#5964560
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodPecan Grove Estates
  • Zip85281
  • Style
  • Year Built1962
  • Taxes4433
  • Price$ 1,590,000
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Sqr Footage5850
Listing Provided Courtesy Of:
ABI Multifamily
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.

Price History
8/13/2019 Listed $1,800,000
9/17/2019 3% - $1,750,000
9/26/2019 6% - $1,650,000
12/4/2019 4% - $1,590,000

General Features

1 Bedroom Units: Avg Rent 880.50
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block, Other (See Remarks)
Features Pool(s), Other (See Remarks)
Map Code/Grid R36
Net Income 95570.00
New Financing Conventional, 1031 Exchange, Other (See Remarks)
Owner Pays Water, Sewer
Property Type F
Public Remarks The Beck consists of (10) 1-bedroom units in a mid-century, block-constructed
School District 003 - Tempe School District
Status Active
Tenant Pays Electric
Year Built 1962
Zoning R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 10
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 585
Appliances Included Other (See Remarks)
Cooling Other (See Remarks)
Electric Other (See Remarks)
Floors Other (See Remarks)
Gas Other (See Remarks)
Heating Other (See Remarks)
Interior Features Other (See Remarks)
Total Number of Units 10.00

Exterior Features

Sale Includes Land & Building, Other (See Remarks)
Const - Finish Brick Trim/Veneer, Other (See Remarks)
Covered Parking Spcs 0.00
Exterior Features Landscape Wtr System, Other (See Remarks)
Lot Size Dimensions 165x94
Parking Other (See Remarks)
Roof Comp Shingle, Other (See Remarks)
Sewer Other (See Remarks), Sewer - Public
Total Parking Spcs 8.00
Water City Franchise, Other (See Remarks)


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85281

AVG $1.37M
AVG $5,186
AVG 229
Year Built
AVG 1965

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