256 Unit Multi-family Community – Reflections at Red Mountain Apartments

2601 E. McKellips | Mesa, AZ 85213

Investment Highlights

Braun International is pleased to present Reflections at Red Mountain, a 256 unit multi-family community in North Mesa, Arizona. This Garden Style apartment complex is situated on over 11.79 acres of land.

Property amenities include:

  • 99% occupied
  • Gated access
  • Perimeter circulation roads
  • 3-resort style swimming pools & spas
  • Laundry facilities
  • 24-Hour Fitness Center
  • BBQ & Picnic areas
  • Fenced Dog Park
  • Excellent Freeway Access
  • Courtesy Patrol
  • Resident Events
  • Professionally managed
  • Easy access to public transportation
  • Trust Sale
  1. As of 4/17, we have 50 renovations, 17 partial, and 189 classic apartments.
  2. What is included in the Amenity fee?
    • We charge the amenity fee to help cover some of the utility costs. Flat fees are $85 for one bedrooms and $95 two bedrooms.

Excellent Location

Reflections at Red Mountain, is nestled amidst the scenic beauty of Mesa, AZ. Consists of an array of thoughtfully designed one to two-bedroom apartments ranging from 650 to 950 sq.ft., each crafted for modern comfort and style. Enjoy a plethora of amenities tailored to enhance your lifestyle, including a 24-hour fitness center to invigorate your workouts, three glistening pools, a fenced dog park and picnic areas.

Strong Unit Mix

Reflections at Red Mountain features (64) 1+1 units, (128) 2+1 units, and (64) 2+2 units, fully equipped electric kitchens, full sized washers and dryers, private balconies and patios, dishwasher, controlled heating and central air, preinstalled WiFi with 1st month free from Cox.

Complex Amenities

  • 3 Resort Inspired Swimming Pools
  • 24-Hour Fitness Center
  • Fenced Dog Park
  • Assigned Covered Parking
  • Pet Waste Stations
  • Online Leasing & Resident Services
  • Picnic Areas with Grilling Stations
  • Resident Events
  • Flexible Lease Terms
  • 24-Hour Emergency Maintenance

Apartment Amenities

  • 1 & 2 Bedroom Floor Plans
  • Fully Equipped Electric Kitchens
  • Full Sized Washer & Dryers*
  • Private Balconies or Patios
  • Additional Exterior Storage
  • Wood Burning Fireplaces*
  • Kitchen Windows*
  • Large Pantry*
  • Dishwasher
  • Designer Ceiling Fans in Living Areas & Bedrooms
  • Individually Controlled Heating & Central Air
  • Courtyard & Pool Views*
  • Plush Carpeting in Living Areas & Bedrooms
  • Tub/Shower Combo with Built-In Shelves
  • Walk-In Closets with Built in Organizers*
  • Furnished Apartments Available
  • Preinstalled WiFi with 1st Month Free from Cox

Investment Overview

  • Property Address: 2601 E. McKellips, Mesa, AZ 85213
  • APNs: 141-09-002 & 141-09-003
  • Lot Size: 11.79 Acres / 513,485 SF
  • Improvement Size: 204,800 SF
  • Zoning: RM-4, Mesa
  • Units: 256
  • # of Buildings: 15
  • Year Built: 1986
  • 1 Bedroom / 1 Bathroom Apts: 64
  • 2 Bedroom / 1 Bathroom Apts: 128
  • 2 Bedroom / 2 Bathroom Apts: 64
  • Class: B- / C+
  • Units Upgraded: 65
  • Units Renovated: 48
  • Amenities: Clubhouse
  • Strong Area Rents
  • Idea for Long Term Hold
  • Property Maintains High Occupancy

FINANCIAL INFORMATION

  • 2022 – Gross Income: $4,234,913
  • 2023 – Gross Income: $4,442,354
  • 2024 – Gross Income: $4,367,577
  • 2025 – Potential Gross Income: $4,595,520

OFFERED AT:
$44,250,000