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402 S Beck Avenue, Tempe, AZ – $1,650,000

  • $1.7M Price
  • $1.7M Price

402 S Beck Avenue

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.

Essential Information

  • MLS® #5964560
  • Price$1,650,000
  • Year Built1962
  • TypeMulti-Family
  • Sub-Type5 - 12 Units
  • StatusActive

Community Information

  • Address402 S Beck Avenue
  • SubdivisionPECAN GROVE ESTATES
  • CityTempe
  • CountyMaricopa
  • StateAZ
  • Zip Code85281

Amenities

  • AmenitiesPool(s), Other (See Remarks)
  • Parking Spaces8
  • ParkingOther (See Remarks)

Interior

  • Interior FeaturesOther (See Remarks)
  • AppliancesOther (See Remarks)
  • HeatingOther (See Remarks)
  • CoolingOther (See Remarks)

Exterior

  • Lot Description165x94
  • ConstructionBlock, Other (See Remarks)

Exterior Features

Landscape Wtr System, Other (See Remarks)

Roof

Comp Shingle, Other (See Remarks)

School Information

District

003 - Tempe Elementary District

Additional Information

  • ZoningR-3

Listing Details

  • OfficeABI Multifamily
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Price Change History for 402 S Beck Avenue, Tempe, AZ (MLS® #5964560)

Date Details Change
Price Reduced from $1,750,000 to $1,650,000 $100,000 (5.71%)
Price Reduced from $1,800,000 to $1,750,000 $50,000 (2.78%)

ABI Multifamily.

Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Coldwell Banker Residential Brokerage. Copyright 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on October 21st, 2019 at 11:33pm MST.