4004 E Mckellips Road

    Mesa, AZ 85215
    • $1,495,000
    • STATUS: Active
    • MLS #: 6047357
    UPDATED: 32 min ago
    $1,495,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1926
    County:
    Area:

    School Ratings & Info

    School District:

    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

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Property Partners at eXp Realty. Data last updated 2020-04-01T15:11:02.637.
    www.propertypartnersaz.com/homes/103948117

    4004 E Mckellips Road Mesa, AZ 85215

    • Price: $1,495,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 6047357
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1926
    Built
    County:
    Maricopa
    Area:
    Mesa
    School District:
    004 - Mesa Unified District
    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
    Exterior Features

    Construction BlockFrame - WoodAdobe Construction Finish PaintedStuccoSiding Covered Parking Spaces 0.00 Exterior Amenities Landscape Wtr SystemGreen LandscapingSatellite DishCable Tv AvailablePatio/BalconySeparate Storage Lot Size Dimensions Irr Parking FreePaved Parking>1 Space Per Unit Roads AsphaltDedicated Street Roofing Built-UpComp Shingle Total Parking Spaces 17.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 792 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 1050 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigerator Cooling EvaporativeElectric RefrigeratdIndividualWindow/Wall Unit Efficiency Unit Avg Sq Ft 570 Efficiency Unit Baths 1 Floors CarpetCeramic TileWood Heating Electric Interior Amenities UnfurnishedFire/Smoke Alarm(S)

    Property Features

    1 Bedroom Unit Avg Rent 714.00 1 Bedroom Units 7 2 Bedroom Unit Avg Rent 950.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 258584.00 Annual Elec Exp 1000.00 Annual Gas Exp 0.00 Annual Ins Exp 3885.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 4000.00 Annual Legal And Acctg 0.00 Annual Maint Exp 4500.00 Annual Mgmt Exp 8781.00 Annual Other Expense 3458.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 9200.00 Annual Wtr Swr Exp 0.00 Community Amenities Other (See Remarks)Barbecue Area(S) Cross Street Mckellips Rd And Val Vista Dr Efficiency Unit Avg Rent 590.00 Efficiency Units 5 Electric Master MeterSrpSubmetered System Gas Sw Gas Gross Annual Sch Inc 128092.00 Hoa YN No Net Operating Income 90666.00 New Financing ConventionalOther (See Remarks) Operating Exp 37403.00 Other Income 1200.00 Other Type House + Rental Units Owner Pays WaterTrash CollectionLandscaping Project Type 13 - 24 Units Sale Includes Land & Building Sewer SepticSeptic in & Cnctd Source Of Financial Data Provided By OwnerProjected ProformaBooks Shwn Accpt Ofr Special Incorporated Area Tax Municipality Mesa Taxes 2579.00 Tenant Pays ElectricCable Tv Vacancy Allowance 3.00 Water City Franchise Zoning Rs-35

    Listing courtesy of S.J. Fowler Real Estate, Inc..


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Property Partners at eXp Realty. Data last updated 2020-04-01T15:11:02.637.
     
    The Property Partners at eXp Realty
    7454 E Broadway Blvd
    Tucson AZ, 85710