$995,000
SOLD SEP 5, 2025

4423 E Mclellan Rd Unit 105-108 Mesa, AZ 85205

-- Bed
-- Bath
-- Sq Ft
2005 Built

Recently Sold

10% Below List Price

42 Days on Market

Highlights

  • Heated Community Pool
  • Community Playground
  • Ceiling Fan
  • Bush Elementary School Rated A-
  • Central Heating and Cooling System
  • Carpet

About This Home

As of September 2025

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!

Last Agent to Sell the Property

Patrick Davis

eXp Realty License #SA636063000 Listed on: 06/18/2025

eXp Realty

Last Buyer's Agent

Samantha Kalil

Omni Homes International License #SA668698000

Omni Homes International

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,854

Year Built

  • Built in 2005

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport

Schools

  • Shepherd Junior High School
  • Red Mountain High School

Additional Features

  • Ceiling Fan
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 141-72-075

Community Details

Overview

  • 4 Units
  • Building Dimensions are 3085
  • Falcon Estates Fourplex Subdivision

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $26,153
  • Gross Income $70,015
  • Net Operating Income $41,232

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,854

Year Built

Built in 2005

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: N. Greenfield Rd. & E. McKellips Rd.
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2005
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Professional Management Expense: 8000.0
  • Subdivision Name: FALCON ESTATES FOURPLEX SUBDIVISION
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Pool2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Play Area, Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Shepherd Junior High School
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: 3085
  • Additional Parcels: No
  • Parcel #: 141-72-075

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Annual Gross Income: 70014.6
  • Insurance Expense: 1440.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 41232.01
  • Annual Operating Expense: 26153.24
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 3854.0
  • Tax Book Number: 141.00
  • Tax Lot: 2
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Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2025 09/05/25 Sold $995,000 -9.5% --
06/18/2025 06/18/25 For Sale $1,100,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

  • Patrick Davis

    Seller's Agent in 2025

    Patrick Davis

    eXp Realty

    (480) 980-3407

    37 Total Sales

    Patrick Davis
    Section Image
  • Samantha Kalil

    Buyer's Agent in 2025

    Samantha Kalil

    Omni Homes International

    (520) 333-4942

    15 Total Sales

    Samantha Kalil
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6881996

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85205

4423 E Mclellan Rd Unit 105-108, Mesa, AZ

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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