4423 E MCLELLAN Road 105-108, Mesa, AZ 85205
$995,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$995,000
Last Modified:
9/05/2025
Description
Turnkey 4-Plex Investment - Prime Location!
Minutes from Boeing, MD Helicopters, Falcon Field, and major industrial employers, this fully occupied fourplex features 3 bed, 2 bath units with over 1,200 SQFT each. Long-term tenants love the unique basement-style layout and pay all utilities, keeping operating costs low.
Strong rental history, low turnover, and room to increase ROI. HOA maintains the pool and common areas. Located near shopping, schools, and with easy access to the 202 freeway, this area is poised for growth.
High-demand rental - don't miss this opportunity!
More Information MLS# 6881996
Contract Info
Ownership: Fee Simple
Current Price: $995,000
Sold Price: $995,000
Status: Closed
List Date: 2025-06-18
Location, Tax & Legal
Unit #: 105-108
Assessor's Map #: 72
Legal Description (Abbrev): LOT 2 FALCON ESTATES FOURPLEX SUBDIVISION MCR 075310
Assessor's Parcel #: 75
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420215
Taxes: 3854
Legal: LOT 2 FALCON ESTATES FOURPLEX SUBDIVISION MCR 075310
Marketing Name: FALCON ESTATES
House Number: 4423
Compass: E
Street Name: MCLELLAN
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Zip4: 3216
County Code: Maricopa
Subdivision: FALCON ESTATES FOURPLEX SUBDIVISION
Assessor Number: 141-72-075
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 3085
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Shepherd Junior High School
Jr. High School: Shepherd Junior High School
High School: Red Mountain High School
Year Built: 2005
Zoning: M-H
Legal Info
Range: 6E
Section: 10
Township: 1N
Lot Number: 2
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Tile: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 1440
Annual Maint Exp: 1600
Annual Mgmt Exp: 8000
Owner Association: Yes
Annual Ownr Asoc Fee: 11259.24
Operating Exp: 26153.24
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 70014.6
Pmt & Rate Info
Cap Rate: 3.75
Equity: 1100000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Play Area: 1
Heating
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Cable TV Available: 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Basement: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
None: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Cell Phn2: 6024617881
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 4
Avg Rent: 1503.75
Avg SqFt: 1230
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 19900
Seller Concession $/%: $
Remarks Misc
Cross Street: N. Greenfield Rd. & E. McKellips Rd.
Directions: Head south on N. Greenfield Rd to McLellan Rd. Turn east on McLellan Rd and take the first right into the complex.
Geo Lat: 33.444316
Geo Lon: -111.734876
Status Change Info
Off Market Date: 2025-09-05
Under Contract Date: 2025-07-30
Close of Escrow Date: 2025-09-05
Sold Price: $995,000
Income Expenses
Gross Annual Sch Inc: 72180
Net Operating Income: 41232.01
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Tile
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: Pool; Play Area
Exterior Amenities: Cable TV Available
Interior Features: Unfurnished; Mini Blinds; Basement
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Central
Cooling: Ceiling Fan(s); Central Air
Water Source: Individual Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office:
eXp Realty
Last Updated: September - 05 - 2025
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.