$1,300,000
$1,395,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
4004 E MCKELLIPS Road Mesa, AZ 85215
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6135727
Sold Date 09/22/20
Maintenance Fees $4,500
Year Built 1926
Annual Tax Amount $2,579
Tax Year 2019
Lot Dimensions IRR
Source Arizona Regional Multiple Listing Service (ARMLS)
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
Location
State AZ
County Maricopa
Zoning RS-35
Direction From the intersection proceed eastbound on McKellips approximately 0.3 miles. Property will be on left (north).
Interior
Heating Electric
Cooling Evaporative Cooling, Window/Wall Unit, Electric, Individual
Flooring Carpet, Ceramic Tile, Wood
Appliance Free-Standing Range, Refrigerator
Exterior
Parking Features Paved, Free, >1 Space Per Unit
Community Features Other, See Remarks, Barbecue
Roof Type Composition,Built-Up
Total Parking Spaces 17
Building
Sewer Septic in & Cnctd, Septic Tank
Water City Franchise
New Construction No
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 141-28-020
Acceptable Financing Other (See Remarks), Conventional
Listing Terms Other (See Remarks), Conventional
Financing Other
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