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Sold on 09/22/2020

4004 E Mckellips Rd, Mesa, AZ 85215

  • $1,300,000

    Last sold 09/22/2020 after 16 Hours

  • 9

    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
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 13 units in six buildings. This property has a mix of studio, one, and two bedroom units. Situated near Falcon Field and adjacent to the exclusive Valencia Estates sub-division and working orange groves, this property offers the savvy investor an apartment rental property with no other apartments close by. The incomparable 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. Additional income from on-site laundry.. Nearly 1/2 of units have been remodeled
Listed by
Listing Agent - Scott Bartlowe
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#6135727 • last updated 1 year ago
Movoto checked ARMLS for data 2 minutes ago
Overview
Cooling/AC Evaporative Cooling, Window/Wall Unit, Electric, Individual
Heating Electric
MLS # 6135727
Type Multiple Dwellings
Status Closed
Property Tax 2579
Year Built 1926
Interior
Flooring Carpet, Ceramic Tile, Wood
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition, Built-Up
Construction Wood Frame, Siding, Painted, Stucco, Adobe, Block
Parking Paved, Free, >1 Space Per Unit
# of Open Parking Spaces 17
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Septic In & Cnctd, Septic Tank
Location
Community Features Other, See Remarks, Barbecue
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 141-28-020
Zoning RS-35
Directions From The Intersection Proceed Eastbound On McKellips Approximately 0.3 Miles. Property Will Be On Left (north).
Multifamily Details
Total # of Units 13
Expense: Operating 37403
Financial Data Source Owner, Projected Proforma, Books Shwn Accpt Ofr
Expense: Maintenance 4500
Vacancy Allowance 3
Expense: Insurance 3885
Net Operating Income 90666
Gross Income 258584
Expense: Electric 1000
Expense: Other 3458
Expense: Trash 9200
Expense: Professional Management 8781
Gross Scheduled Income 128092
Expense: Gardener 4000
We are not permitted to show value estimates for this property.
  • Dec 2021
  • Dec 8, 2021 Listed
    $800/Mo (-99.9%)
  • Sep 2020
    mls logo MLS # 6135727
  • Sep 22, 2020 Sold
    $1,300,000
  • 4004 E Mckellips Rd
    $1.3M
  • Citrus
    $1.8M +20% y/y
  • 85215
    $529K +2% y/y
  • Mesa
    $489K -2% 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
  • Maricopa County
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  • 85215
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  • 4004 E Mckellips Rd
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