Movoto Real Estate
Search
About Home value Property history Market statistics Schools Neighborhood Places of interest
Sold on 08/12/2015

2650 E Mckellips Rd #225, Mesa, AZ 85213

  • $260,500

    Last sold 08/12/2015 after 65 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
24 homes bought nearby with Movoto recently

About 2650 E Mckellips Rd #225

Property type Multi-family
Neighborhood
Year built 1988
HOA fee $0/month
Property description
Solid, 100% occupied Turn-Key 4-Plex with an 8% cap or 12.9% Cash-on-Cash return with current rents. Pro-forma cap can be raised to 9.1% or 16.9% Cash-on-Cash. Surrounded by upper end homes in one of the BEST School Districts. This beautiful community has proactive HOA that maintains grounds, pool, parking. Units rent like hot cakes. No vacancies in the last 3 years. Two of the Four units have quality long-term tenants (9 years and 3 years) who pay early. One of the units is 2 Bedroom 2 Bath. Actively managed & maintained which means no units have deferred maintenance. 2 units have new floors & new interior paint. One AC unit replaced 2013. Coin operated laundry. Overall, a superb low-maintenance turn-key investment in a great neighborhood with strong sub-market & appreciation potential.
Listed by
Listing Agent - David C Fernandez
Listing Office - HomeSmart
Source: ARMLS mls logo
MLS#5291047 • last updated 4 years ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 5291047
Type Multiple Dwellings
Status Closed
Property Tax 1473
Year Built 1988
Interior
Flooring Carpet, Vinyl, Wood
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator
Exterior
Roof Composition, Tile
Construction Wood Frame, Painted, Stucco
Parking Add'l Parking Avail, 1 Space/Unit
# of Open Parking Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision FOUR PEAKS ESTATES
Community Features Pool
Elementary School Hermosa Vista Elementary School
Elementary School District Mesa Unified District
Middle School Stapley Junior High School
High School District Mesa Unified District
High School Mountain View High School
APN 141-08-220
Zoning MULTI-FAMILY
Directions GILBERT TO MCKELLIPS - EAST TO THE (FIRST) WEST ENTRANCE OF FOUR PEAKS ESTATES - NORTH TO 4TH BUILDING ON THE LEFT ACROSS FROM THE POOL. DO NOT DISTURB TENANTS! DRIVE BY ONLY!
Multifamily Details
Total # of Units 4
Expense: Operating 7513
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 1200
Vacancy Allowance 5
Expense: Insurance 1200
Net Operating Income 21620
Expense: Electric 720
Expense: Professional Management 1600
Expense: Water/Sewer 1320
Gross Scheduled Income 34260
We are not permitted to show value estimates for this property.
  • Aug 2015
    mls logo MLS # 5291047
  • Aug 7, 2015 Sold
    $260,500
  • 2650 E Mckellips Rd #225
    $260K
  • East Mesa
    $499K
  • 85213
    $654K -2% y/y
  • Mesa
    $489K -1% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
8/10
Hermosa Vista Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
6/10
Franklin West Elementary School
public Grades PK, K-6
Mesa Unified School District
6/10
Stapley Junior High School
public Grades 7-8
Mesa Unified School District
5/10
Mountain View High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around East Mesa

Explore everything this neighborhood has to offer.
View homes for sale in 85213, AZ
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Mesa, AZ

Nearby homes for sale in Mesa, AZ

Newest listings in 85213

  • Real Estate
  • AZ
  • Maricopa County
  • Mesa
  • 85213
  • 2650 E Mckellips Rd #225
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by Arizona Multiple Listing Service, Inc.. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
Arizona Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the Arizona Multiple Listing Service™ system. All information provided is deemed reliable but is not guaranteed and should be independently verified. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.