$730,000
Mesa, AZ 85213
MLS# 7020608
1 / 2
Property 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.
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $730,000
List Price: $730,000
Status: Active
List Date: 2026-04-27
Location, Tax & Legal
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
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
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 7
Lot Size Dimensions: 5784 sf
Flood Zone: No
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1988
Zoning: MF
Legal Info
Range: 6E
Section: 6
Township: 1N
Lot Number: 10
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Tile: 1
Floors
Tile: 1
Sale Includes
Building(s) Only: 1
Laundry Equipment: 1
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
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Fee: 1
>1 Space Per Unit: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1250
Avg SqFt: 771
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Lindsey and McKellips
Directions: East on McKellips- Left into complex - Building is norht of the pool
Geo Lat: 33.452886
Geo Lon: -111.773799
Income Expenses
Gross Annual Sch Inc: 60300
Net Operating Income: 46317
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
Rent Roll 
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.