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Sold on 09/13/2012

4004 E Mckellips Rd, Mesa, AZ 85215

  • $733,000

    Last sold 09/13/2012 for $575K

  • 11

    bed

  • 9

    bath

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

About 4004 E Mckellips Rd

Property type Multi-family
Neighborhood
Year built 1926
HOA fee $0/month
Movoto estimate
Property description
Incredible opportunity to purchase an historic homestead that has been converted into cash flowing apartments. Nestled into its own beautiful park like setting are 10 units (one unit has flex capacity to be an 11th unit) in six buildings. This property has a mix of studio, one, two and three bedroom units. Situated near Falcon Field and adjacent to the exclusive Valencia Estates sub-division and orange groves, this property offers the savvy investor an apartment rental property with no other apts close by. The uncomparable setting of huge mature trees (including citrus,fig and pecan) shades the property and keeps it cool and inviting. Close to shopping, Loop 202, US 60, jobs and great Mesa schools;this property is attractive to prospective tenants. OWNER FINANCING IS AVAILABLE!!!
Listed by
Listing Agent - Scott Bartlowe
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#4763520 • last updated 1 year ago
Movoto checked ARMLS for data 6 minutes ago
Overview
Cooling/AC Evaporative Cooling, Electric
Heating Individual, Electric
MLS # 4763520
Type Multiple Dwellings
Status Closed
Property Tax 4121
Year Built 1926
Interior
Flooring Carpet, Ceramic Tile, Concrete
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition, Built-Up, Shake
Construction Brick Veneer, Wood Frame, Siding, Painted, Stucco, Brick
Parking Paved, Free, >1 Space Per Unit
# of Open Parking Spaces 12
# of Covered Spaces 53595
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Septic In & Cnctd, Septic Tank
Location
Community Features Barbecue, No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 141-28-020
Zoning R1-35
Directions From The Intersection Proceed Eastbound On McKellips Approximately 0.3 Miles. Property Will Be On Left (north).
Multifamily Details
Total # of Units 10
Expense: Operating 33027
Financial Data Source Owner
Expense: Maintenance 14266
Expense: Insurance 4236
Net Operating Income 43994
Gross Income 72900
Expense: Electric 1100
Expense: Water/Sewer 5504
Gross Scheduled Income 72900
Expense: Gardener 1200
$733K
Range: $637K-$828K
Last 30 days 
  • Dec 2021
  • Dec 8, 2021 Listed
    $800/Mo (-99.9%)
  • Sep 2020
    mls logo MLS # 6135727
  • Sep 22, 2020 Sold
    $1,300,000
  • Year Property taxes Tax assessment
  • 2024
    $2,316 -0.7%
    $118,270
  • 2023
    $2,333 +1.9%
    $118,270 +36.07%
  • 2022
    $2,290 +0.7%
    $86,920 +43.88%
  • 2021
    $2,274 +1.6%
    $60,410 +20.29%
  • 2020
    $2,239
    $50,220
  • 4004 E Mckellips Rd
    $575K
  • Citrus
    $1.59M +1% y/y
  • 85215
    $539K 0% y/y
  • Mesa
    $490K -1% y/y
No chart available
Statistics calculated by Movoto

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6/10
Ishikawa Elementary School
public Grades PK, K-6
Mesa Unified School District
10/10
Franklin at Brimhall 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
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.

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  • AZ
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  • 4004 E Mckellips Rd
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