2650 E MCKELLIPS Road 241, Mesa, AZ 85213

New Listing
$730,000
Property Type: Multiple Dwellings Status: Active
Current Price: $730,000 List Date: 4/30/2026 Last Modified: 5/02/2026

Overview

Description

Beautifully remodeled fourplex in a prime Mesa location! Each unit features updated finishes, refreshed interiors designed for comfort and durability. This turnkey investment offers strong rental appeal with minimal maintenance, making it an excellent opportunity for both new and seasoned investors. Conveniently located near shopping, dining, and major commuter routes. There is a laundry room used by all four units. Also a storage room. See document tab for HOA and rent roll. PLEASE DRIVE BY ONLY. DO NOT DISTURB TENANTS.

Listing Details MLS# 7020608

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
141-08-226
Tax Year
2025
Unit #
241
Building Number
10
Assessor's Map #
8
Legal Description (Abbrev)
LOT 10 FOUR PEAKS ESTATES MCR 027538
Assessor's Parcel #
226
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
420302
Taxes
1839
Legal
LOT 10 FOUR PEAKS ESTATES MCR 027538
Marketing Name
Four Peaks

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
5784 sf
Year Built
1988
Uncvrd Parking Spcs
7
Total # of Units
4
# of Buildings
Yes
Zoning
MF
Flood Zone
No
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Remarks Misc

Cross Street
Lindsey and McKellips
Directions
East on McKellips- Left into complex - Building is norht of the pool

Legal Info

Township
1N
Range
6E
Section
6
Lot Number
10

Income Expenses

Gross Annual Sch Inc
60300
Net Operating Income
46317

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1250
Avg SqFt
771
# Baths
Yes

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Tile
Yes

Floors

Tile
Yes

Sale Includes

Building(s) Only
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
3396
Annual Ins Exp
3600
Owner Association
Yes
Annual Ownr Asoc Fee
5148
Operating Exp
13983
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
60300
Total Monthly Rental Income
60300

Pmt & Rate Info

Cap Rate
6.34
Equity
730000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Fee
Yes
>1 Space Per Unit
Yes
Paved
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
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: Stucco Roofing: Tile Floors: Tile Sale Includes: Building(s) Only; Laundry Equipment Community Features: Pool Appliances Included: Refrigerator Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: >1 Space Per Unit; Fee; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Documents

IDX
Listing Office: DeLex Realty
Last Updated: May - 02 - 2026
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.