NOT LISTED FOR SALE

402 S Beck Ave Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $770,000 - $946,000

Studio
-- Bath
1,170 Sq Ft
$734/Sq Ft Est. Value

Sale Details

Date Sold: March 18, 2022

Last sale price $2,889,610 $2,470 Per Sq Ft

Current estimated payment $5,540 / mo

37 Days on Market

Highlights

  • Heated Community Pool
  • Ceiling Fan
  • Heating Available
  • Cooling Available

About This Home

As of March 2022

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.

Last Agent to Sell the Property

Dennis Kolodin

Metro Realty License #BR535429000 Listed on: 11/11/2021

Co-Listed By

Dallas Wormley

R & I Realty License #BR685994000

Last Buyer's Agent

Germain Villeneuve

Keller Williams Arizona Realty License #SA571081000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,000

Year Built

  • Built in 1962

Lot Details

  • 5,401

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Scales Technology Academy Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 3
  • Assessor Parcel Number 124-28-011-C

Community Details

Overview

  • 3 Buildings
  • 10 Units
  • Building Dimensions are 165x94
  • Pecan Grove Estates Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $35,080
  • Gross Income $182,190
  • Net Operating Income $152,228

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,000

Year Built

Built in 1962

Lot Details

5,401 Sq Ft Lot

Listing Details

  • Cross Street: Priest & University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Year Built: 1962
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: meto01
  • Co List Office Phone: 602-687-9933
  • Subdivision Name: PECAN GROVE ESTATES
  • Tax Parcel Letter: C
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Other, See Remarks, Brick, Frame - Wood
  • Roof: See Remarks, Composition, Other
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Street Parking: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Other, Ceiling Fan(s), See Remarks
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Interior Amenities:Partially Furnished: Yes

Fee Information

  • Annual Water Sewer Expense: 7200.0

Schools

  • Elementary School: Scales Technology Academy
  • High School: Tempe High School
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: 165x94
  • Additional Parcels: Yes
  • Parcel #: 124-28-011-C

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 10
  • Electric Expense: 1200.0
  • Annual Gross Income: 182189.84
  • Insurance Expense: 3600.0
  • Maintenance Expense: 3600.0
  • Property Net Operating Income: 152228.0
  • Annual Operating Expense: 35080.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 5000.0
  • Tax Book Number: 124.00
  • Tax Lot: 3
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2022 03/18/22 Sold $2,889,610 -3.7% $2,470 / Sq Ft
12/18/2021 12/18/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $3,000,000 +106.9% $2,564 / Sq Ft
01/16/2020 01/16/20 Sold $1,450,000 -8.8% $1,239 / Sq Ft View Prior Sale
12/13/2019 12/13/19 Pending -- -- --
12/04/2019 12/04/19 Price Changed $1,590,000 -3.6% $1,359 / Sq Ft
09/26/2019 09/26/19 Price Changed $1,650,000 -5.7% $1,410 / Sq Ft
09/17/2019 09/17/19 Price Changed $1,750,000 -2.8% $1,496 / Sq Ft
08/13/2019 08/13/19 For Sale $1,800,000 -- $1,538 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Dennis Kolodin

    Metro Realty

    Section Image
  • Dallas Wormley

    Seller Co-Listing Agent in 2022

    Dallas Wormley

    R & I Realty

    (480) 433-2744

    1 in this area

    117 Total Sales

    Dallas Wormley
    Section Image
  • Germain Villeneuve

    Buyer's Agent in 2022

    Germain Villeneuve

    Keller Williams Arizona Realty

    (480) 767-3001

    1 in this area

    2 Total Sales

    Germain Villeneuve
    Section Image
  • John Klocek

    Seller's Agent in 2020

    John Klocek

    ABI Multifamily

    (602) 639-0088

    19 Total Sales

    John Klocek
    Section Image
  • Patrick Burch

    Seller Co-Listing Agent in 2020

    Patrick Burch

    ABI Multifamily

    (520) 603-1768

    29 Total Sales

    Patrick Burch
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6319982

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-28-011C

Arizona Maricopa County Tempe 85281 Downtown Tempe

402 S Beck Ave, Tempe, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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