2650 E MCKELLIPS Road 243, Mesa, AZ 85213 (MLS# 7042312)

2650 E MCKELLIPS Road 243, Mesa, AZ 85213

$749,900

Property Type: Multiple Dwellings Status: Active

Current Price: $749,900 Last Modified: 6/15/2026

Overview

Description

4-Plex.....Well Maintained in desirable Four Peaks Estates. All units occupied & on recent leases! All 2 are Bedroom Units with One Bath, 1 Unit has 2 Baths. Perfect for that Live-in Investor. Blocked Fenced Backyards or Balconies. Community Swimming Pool and Basketball Court. Lots of Rent Roll Upside Here. All Facts and Figures Approximate, Buyer to Verify. 2 Parking spots per unit, Laundry room in building. Owner has recently done remodeling & upgrades to bring rents up and prepare for the sale. Located in Nice North Mesa Neighborhood Near Red Mountain Freeway, Walmart close by, and tons of Shopping and Restaurants.

Listing Details MLS# 7042312

Location, Tax & Legal

House Number: 2650
Compass: E
Street Name: MCKELLIPS
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85213
Zip4: 3064
Country: US
County Code: Maricopa
Subdivision: FOUR PEAKS ESTATES
Assessor Number: 141-08-231
Tax Year: 2025
Unit #: 243
Assessor's Map #: 8
Legal Description (Abbrev): LOT 15 FOUR PEAKS ESTATES MCR 027538
Assessor's Parcel #: 231
Add'l Parcels: No
Tax Municipality: Mesa
Taxes: 1842
Legal: LOT 15 FOUR PEAKS ESTATES MCR 027538
Marketing Name: Investment Opportunity

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 5860
Year Built: 1988
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: Yes
Zoning: Multi
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Hermosa Vista Elementary School
Jr. High School: Ishikawa Elementary School
High School: Mountain View High School

Remarks Misc

Cross Street: McKellips & Lindsay
Directions: East on McKellips to entrance to Four Peaks Estates on the right.

Legal Info

Township: 1N
Range: 6E
Section: 6
Lot Number: 15

Income Expenses

Net Operating Income: 57600

More Information

Showing Notification Methods

Showing Service: Aligned Showings

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1200
Avg SqFt: 800
# Baths: 5

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Built-Up: Yes
Tile: Yes

Floors

Tile: Yes
Wood: Yes
Carpet: Yes

Sale Includes

Laundry Equipment: Yes

Income & Expenses

Annual Elec Exp: 3500
Annual Gas Exp: 0
Annual Ins Exp: 3600
Owner Association: Yes
Annual Ownr Asoc Fee: 5148
Operating Exp: 14090
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Total Monthly Rental Income: 4800

Pmt & Rate Info

Cap Rate: 7.68
Down Payment: 0
Equity: 749900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Lockbox Type

None: Yes

Community Features

Pool: Yes
Tennis Court(s): Yes

Heating

Heat Pump: Yes
Electric: Yes
Individual: Yes

Cooling

Electric: Yes
Individual: Yes

Exterior Amenities

Cable TV Available: Yes
Patio/Balcony: Yes
Separate Storage: Yes
Security Light(s): Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Disposal: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

>1 Space Per Unit: Yes
Paved: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
1031 Exchange: Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Fixed: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up; Tile Floors: Tile; Wood; Carpet Sale Includes: Laundry Equipment Community Features: Pool; Tennis Court(s) Exterior Amenities: Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s) Interior Features: Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Disposal Heating: Individual; Heat Pump Cooling: Electric; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP; Individual Meter Gas: None Parking Features: >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; Conventional; 1031 Exchange Environmental: None

Documents

Rent Roll Analysis ›

Listing Office: Tipton Realty

Last Updated: June - 15 - 2026