2650 E Mckellips Rd. #225, Mesa, AZ 85213

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.