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402 S BECK Avenue, Tempe, AZ 85281

$3,000,000
Status: Active
Current Price: $3,000,000 List Date: 11/11/2021 Last Modified: 11/29/2021

Description

Beautiful mid century modern gray brick apartment complex in 3 bldgs on 3 lots with a pool courtyard. All units remodeled in 2002-2021 with new kitchens, appliances, etc etc. Two units are furnished. 4 Units have backyards. All units have full size washer dryers so old laundry room is now vacant and attached to a storage room. Might make a nice studio apt.

More Information MLS# 6319982

Contract Info

Current Price: $3,000,000 List Price: $3,000,000 Status: Active List Date: 2021-11-11 Ownership: Fee Simple

Location, Tax & Legal

Map Code/Grid: R36 House Number: 402 Compass: S Street Name: BECK St Suffix: Avenue City/Town Code: Tempe State/Province: AZ Zip Code: 85281 Zip4: 2457 Country: USA County Code: Maricopa Legal Description (Abbrev): PECAN GROVE ESTATES LOT 3 EX E 107.33' AS MEAS ALG S LN Subdivision: PECAN GROVE ESTATES Assessor's Map #: 28 Assessor's Parcel #: 11 Assessor Parcel Ltr: C Add'l Parcels: Yes Assessor Number: 124-28-011-C Legal: PECAN GROVE ESTATES LOT 3 EX E 107.33' AS MEAS ALG S LN Census Tract: 318800 Tax Municipality: Tempe Taxes: 5000 Tax Year: 2021 Marketing Name: The Beck

General Property Description

Lot Size Dimensions: 165x94 Year Built: 1962 Uncvrd Parking Spcs: 8 Total # of Units: 10 # of Buildings: 3 Zoning: R-3 Elementary School: Scales Technology Academy Jr. High School: Gililland Middle School High School: Tempe High School Elem School Dist #: 003 - Tempe School District High School Dist #: 213 - Tempe Union High School District

Remarks & Misc

Cross Street: Priest & University Directions: North on University to 4th St. East to property on southwest corner of 4th Street and Beck. Geo Lat: 33.426239 Geo Lon: -111.957221

Status Change Info

Status Change Date: 2021-11-11

Legal Info

Township: 1N Range: 4E Section: 16 Lot Number: 3

Income & Expenses

Annual Elec Exp: 1200 Annual Ins Exp: 3600 Annual Landscape Exp: 2400 Annual Maint Exp: 3600 Annual Wtr/Swr Exp: 7200 Owner Association: No Annual Other Expense: 12080 Operating Exp: 35080 Gross Annual Sch Inc: 182308 Other Income: 3600 Vacancy Allowance: 0.02 Adjusted Gross Inc: 182189.84 Net Operating Income: 152228

Pmt & Rate Info

Cap Rate: 5.07 1st Encumbrance: 865000 Total Owed: 865000 Equity: 2135000

1 Bedroom Units

# 1 Bedroom Units: 10 Avg Rent: 1295 Avg SqFt: 620 # Baths: 1

Contact Info

List Agent Home Phn: 602-315-9292

Property Features

Project Type: 5 - 12 Units Construction: Frame - Wood; Brick Const - Finish: Brick Trim/Veneer; Other (See Remarks) Roofing: Comp Shingle; Other (See Remarks) Floors: Ceramic Tile; Other Sale Includes: Land & Building; Pool Equipment; Other (See Remarks) Community Amenities: Pool; Other; See Remarks Exterior Amenities: Landscape Wtr System; Green Landscaping; Fenced; Other (See Remarks) Interior Amenities: Partially Furnished; Fire/Smoke Alarm(s); Mini Blinds; Other (See Remarks) Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; Other (See Remarks) Cooling: Ceiling Fan(s); Electric; Other; See Remarks Water: City Franchise; Other Sewer: Sewer - Public Electric: SRP Gas: None Parking: Street Parking; 1 Space/Unit; Other (See Remarks) Roads/Streets: Asphalt Owner Pays: Water Tenant Pays: Electric Source of Fincl Data: Provided by Owner; Projected Proforma Special: Owner/Agent Existing 1st Loan: Other (See Rmks) Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; 1031 Exchange Reports/Disclosures: None Environmental: None
Listing Office: Metro Realty
Last Updated: November - 29 - 2021
402 S BECK Avenue, Tempe, AZ 85281- MLS# 6319982
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