Second-Floor
For Sale
$250,000
330 S BECK Avenue 222, Tempe, AZ 85281
Recent interior updates include carpeting, paint, and a replacement water heater.
Property Size824 SF
Price / SF$303.40
Days on Market170
Property Features for 330 S BECK Avenue 222
General Information
Standard status
Active
Size
824 SF
Property subtype
Apartment
Site & Location
Neighborhood
Sunset
Highway Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,037
Building Details
Building Size
824 SF
Year Built
1981
Listing Agency:
Grigg's Group Powered by The Altman Brothers
Listed By:
Jennifer Wandoloski
(480) 528-4767
Source:
Bvoluxury
Added: May 12
Changed: Oct 28
Last Checked: Oct 26 at 11:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grigg's Group Powered by The Altman Brothers
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Investment Insights
Based on property information with market context.
This 838-square-foot condominium has two bedrooms and two bathrooms and occupies the second floor. Built in 1981, the unit has new carpeting, recently refreshed interior paint, and a new hot water heater.
The property is near Arizona State University, shopping, dining, and major freeways.
The property is near Arizona State University, shopping, dining, and major freeways.
Key Highlights
- 838‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Second‑floor unit
- New carpeting, fresh interior paint, and a new hot water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,168
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,360
$223.4K
Cap Rate 7%
$159,543
$159.5K
Cap Rate 9%
$124,089
$124.1K
Market Conditions
NOI Build-Up for 824 SF
Gross rent
$21.6K $26.16/SF
− Vacancy
−$1.3K −$1.52/SF
EGI
$20.3K $24.64/SF
− OpEx
−$9.1K −$11.09/SF
NOI
$11.2K $13.55/SF
Area
Tempe, AZ
Vacancy
5.80%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,360
Cap Rate 7%
$159,543
Cap Rate 9%
$124,089
Alternative Uses
Best Use
Apartment 5plus
$159.5K
$139.6K – $186.1K
NOI $11,168 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.1K
$226.7K – $302.3K
NOI $18,138 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 85281, AZ
69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Recent interior updates include carpeting, paint, and a replacement water heater.
Where is this residential income property located?
The property is located at 330 S BECK Avenue 222 Tempe, AZ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 838‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Second‑floor unit; New carpeting, fresh interior paint, and a new hot water heater
