2650 E MCKELLIPS Road 245, Mesa, AZ 85213

$770,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $770,000 Last Modified: 4/02/2025

Overview

Description

Well maintained 4-plex property in the desirable Four Peaks Estates. Property units consist of three 2-bed/1-bath units and one 2-bed/2 bath unit that has it's own fenced yard. Shared coin-op laundry for additional income. Great potential for increasing rents over time. All units are occupied. Pictures are from before tenant occupancy. Do not disturb tenants.

Listing Details MLS# 6339240

Location, Tax & Legal

Map Code/Grid
Q40
House Number
2650
Compass
E
Street Name
MCKELLIPS
St Suffix
Road
City/Town Code
Mesa
State/Province
AZ
Zip Code
85213
Zip4
3065
Country
US
County Code
Maricopa
Subdivision
FOUR PEAKS ESTATES
Assessor Number
141-08-232
Tax Year
2021
Unit #
245
Building Number
16
Assessor's Map #
8
Legal Description (Abbrev)
LOT 16 FOUR PEAKS ESTATES MCR 027538
Assessor's Parcel #
232
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
420302
Taxes
1770
Legal
LOT 16 FOUR PEAKS ESTATES MCR 027538
Marketing Name
Four Peaks 4plex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
84x69
Year Built
1988
Uncvrd Parking Spcs
8
Total # of Units
4
# of Buildings
Yes
Zoning
M-H
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Hermosa Vista Elementary School
Jr. High School
Stapley Junior High School
High School
Mountain View High School

Remarks Misc

Cross Street
Lindsay & Mckellips
Directions
West on Mckellips from Lindsay Rd. Right onto 4 Peaks Estates Rd.

Status Change Info

Off Market Date
2022-02-27
Under Contract Date
2022-01-09
Close of Escrow Date
2022-03-04

Legal Info

Township
1N
Range
6E
Section
6
Lot Number
16

More Information

Income Expenses

Gross Annual Sch Inc
50436

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1050
Avg SqFt
735
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Tile
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
850
Annual Ins Exp
1319
Annual Wtr/Swr Exp
3000
Owner Association
Yes
Annual Ownr Asoc Fee
3516
Operating Exp
10455
Other Income
1632
Vacancy Allowance
0.02
Adjusted Gross Inc
51026.64

Pmt & Rate Info

Equity
750000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

Pool
Yes
Sport Court
Yes

Heating

Electric
Yes
Central
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes

Exterior Amenities

Separate Storage
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Breakfast Bar
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes
Assigned
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Trash Collection
Yes

New Financing

Conventional
Yes
1031 Exchange
Yes

Existing 1st Loan

Conventional
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
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: Tile Floors: Ceramic Tile Sale Includes: Land & Building Community Features: Pool; Sport Court Exterior Amenities: Separate Storage Interior Features: Fire/Smoke Alarm(s); Breakfast Bar Appliances Included: Free-Standing Range; Refrigerator; Disposal; Microwave; Washer/Dryer Heating: Central Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: >1 Space Per Unit; Assigned Road Surface Type: Asphalt Owner Pays: Water; Electric; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Conventional New Financing: Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Dave Johnson Realty
Last Updated: April - 02 - 2025
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.