NOT LISTED FOR SALE

4423 E Mclellan Rd Unit 117-120 Mesa, AZ 85205

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

Last Sold February 19, 2025

Last sale price $1,050,000

20 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Ceramic Tile Flooring
  • Bush Elementary School Rated A-
  • Community Playground
  • Heating Available

About This Home

As of February 2025

Wonderful investment fourplex in a nice part of NE Mesa! Highly desirable location in proximity to Walmart, Falcon Field, Boeing, Amazon distribution & multiple freeways. The boutique ''Falcon Estates'' complex was built in 2005 and has six identical fourplexes built around a beautiful community pool and park. The HOA includes trash/recycle, pool service, common area maintenance, landscaping, lighting, and covered parking. All four units are identical size and layout with ~1,225 sqft encompassing 3 beds, 2 baths, full size kitchen, & a laundry room. The basement layout maximizes space and functionality with the primary bedroom/bath on the main level and 2 bedrooms + bath downstairs. Owners have maintained and updated units including hot water heaters, flooring, and paint.

Last Agent to Sell the Property

Ryan Swan

HomeSmart License #SA661174000 Listed on: 11/12/2024

HomeSmart

Last Buyer's Agent

Samantha Kalil

Omni Homes International License #SA668698000

Omni Homes International

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,886

Year Built

  • Built in 2005

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, water, sewer, cable TV
  • Tax Lot 5
  • Assessor Parcel Number 141-72-078

Community Details

Overview

  • 4 Units
  • Building Dimensions are 3085 sq ft
  • Falcon Estates Subdivision

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $25,345
  • Gross Income $72,420
  • Net Operating Income $47,075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,886

Year Built

Built in 2005

Listing Details

  • Cross Street: GREENFIELD AND MCKELLIPS
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2005
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6000.0
  • Subdivision Name: Falcon Estates
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, 1 Space/Unit
  • 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:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Play Area, Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 3085 sq ft
  • Additional Parcels: No
  • Parcel #: 141-72-078

Multi Family

  • Owner Pays: None
  • Tenant Pays: Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 72420.3
  • Insurance Expense: 1200.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 47075.0
  • Annual Operating Expense: 25345.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 3886.0
  • Tax Book Number: 141.00
  • Tax Lot: 5
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Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2025 02/19/25 Sold $1,050,000 -3.6% --
11/12/2024 11/12/24 For Sale $1,089,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6782885

Arizona Regional Multiple Listing Service (ARMLS)
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