The Neal Team - TNT
Wally & Patricia Neal
602 931 1010602 931 1010

2650 E Mckellips Road, Unit 225, Mesa, AZ 85213 (MLS # 5291047)

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PRICE $260,500
BEDS n/a
BATHS 0 baths
HOME SIZE n/a
LOT SIZE n/a

Solid, 100% occupied Turn-Key 4-Plex with an 8% cap or 12.9% Cash-on-Cash return with current rents. Pro-forma cap can be raised to 9.1% or 16.9% Cash-on-Cash. Surrounded by upper end homes in one of the BEST School Districts. This beautiful community has proactive HOA that maintains grounds, pool, parking. Units rent like hot cakes. No vacancies in the last 3 years. Two of the Four units have quality long-term tenants (9 years and 3 years) who pay early. One of the units is 2 Bedroom 2 Bath. Actively managed & maintained which means no units have deferred maintenance. 2 units have new floors & new interior paint. One AC unit replaced 2013. Coin operated laundry. Overall, a superb low-maintenance turn-key investment in a great neighborhood with strong sub-market & appreciation potential.

DAYS ON MARKET -1,065 LAST UPDATED 1/8/2016
TRACT Four Peaks Estates YEAR BUILT 1988
COUNTY Maricopa STATUS Sold
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Mesa Unified District (004)
Elementary School Hermosa Vista Elementary School
Grade School Mesa Unified District (004)
Jr. High School Stapley Junior High School
High School Mountain View High School


ADDITIONAL DETAILS
1 BEDROOM UNITS: # 1 BEDROOM UNITS 0
1 BEDROOM UNITS: # BATHS 0
1 BEDROOM UNITS: AVG RENT 0.00
1 BEDROOM UNITS: AVG SQFT 0
2 BEDROOM UNITS: # 2 BEDROOM UNITS 4
2 BEDROOM UNITS: # BATHS 1
2 BEDROOM UNITS: AVG RENT 700.00
2 BEDROOM UNITS: AVG SQFT 765
3 BEDROOMS UNITS: # 3 BEDROOM UNITS 0
3 BEDROOMS UNITS: # BATHS 0
3 BEDROOMS UNITS: AVG RENT 0.00
3 BEDROOMS UNITS: AVG SQFT 0
4 BEDROOMS UNITS: # 4 BEDROOM UNITS 0
4 BEDROOMS UNITS: # BATHS 0
4 BEDROOMS UNITS: AVG RENT 0.00
4 BEDROOMS UNITS: AVG SQFT 0
APPLIANCES INCLUDED Dishwasher, Disposal, F/S Oven/Range, Refrigerator
BLDG NUMBER 225
COMMUNITY AMENITIES Pool(s)
CONST - FINISH Painted, Stucco
CONSTRUCTION Frame - Wood
COOLING Electric Refrigeratd
COUNTY CODE Maricopa
ELECTRIC SRP
ELEMENTARY SCHOOL Hermosa Vista Elementary School, Hermosa Vista Elementary School
EXTERIOR AMENITIES Cable TV Available
FLOORS Carpet, Vinyl/Composition, Wood
GAS None
HEATING Electric
HIGH SCHOOL Mountain View High School, Mountain View High School
INCOME & EXPENSES: ANNUAL ELEC EXP 720.00
INCOME & EXPENSES: ANNUAL GAS EXP 0.00
INCOME & EXPENSES: ANNUAL INS EXP 1200.00
INCOME & EXPENSES: ANNUAL LAND LSE EXP 0.00
INCOME & EXPENSES: ANNUAL LANDSCAPE EXP 0.00
INCOME & EXPENSES: ANNUAL LEGAL & ACCTG 0.00
INCOME & EXPENSES: ANNUAL MAINT EXP 1200.00
INCOME & EXPENSES: ANNUAL MGMT EXP 1600.00
INCOME & EXPENSES: ANNUAL OTHER EXPENSE 0.00
INCOME & EXPENSES: ANNUAL OWNR ASOC FEE 0.00
INCOME & EXPENSES: ANNUAL PAD FEE 0.00
INCOME & EXPENSES: ANNUAL RPLCMNT RSRVS 0.00
INCOME & EXPENSES: ANNUAL TRASH EXP 0.00
INCOME & EXPENSES: ANNUAL WTR/SWR EXP 1320.00
INCOME & EXPENSES: GROSS ANNUAL SCH INC 34260.00
INCOME & EXPENSES: NET OPERATING INCOME 21620.00
INCOME & EXPENSES: OPERATING EXP 7513.00
INCOME & EXPENSES: OTHER INCOME 0.00
INCOME & EXPENSES: OWNER ASSOCIATION Yes
INCOME & EXPENSES: VACANCY ALLOWANCE 5.00
JR. HIGH SCHOOL Stapley Junior High School
LEGAL INFO: LOT NUMBER 4
LOT SIZE DIMENSIONS 5,918
MARKETING NAME FOUR PEAKS ESTATES
NEW FINANCING Conventional
OWNER PAYS Trash, Water
PARKING 1 Space/Unit, Add'l Parking Avail
PROJECT TYPE Four Plex
ROADS/STREETS Asphalt/Blacktop
ROOFING Comp Shingle, Partial Tile
SALE INCLUDES Land & Building, Laundry Equipment
SEWER Sewer - Public
SOLD INFO: BUYER CONCESS $/% $
SOLD INFO: CLOSING COST SPLIT Normal - N
SOLD INFO: LOAN TYPE Conventional
SOLD INFO: PAYMENT TYPE Fixed
SOLD INFO: SELLER CONCESS $/% $
SOURCE OF FINCL DATA Projected Proforma, Provided by Owner
TAX MUNICIPALITY Mesa
TAXES 1473.00
TENANT PAYS Electric
TOTAL # OF UNITS 4.00
TOTAL PARKING SPCS 8.00
WATER City Franchise
ZONING MULTI-FAMILY

ZESTIMATE
2650 E Mckellips Road, Unit 225, Mesa, AZ

RENT ZESTIMATE
$1250 / mo.  2650 E Mckellips Road, Unit 225, Mesa, AZ

50 Car-Dependent

SATELLITE VIEW



 
CONTACT US ABOUT 2650 E MCKELLIPS ROAD, UNIT 225
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Data last updated 7/21/18 6:35 AM PDT.