$1,050,000
SOLD FEB 19, 2025

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

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

Recently Sold

4% Below List Price

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

Lot Details

0

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ryan Swan

    Seller's Agent in 2025

    Ryan Swan

    HomeSmart

    (602) 733-5455

    44 Total Sales

    Ryan Swan
    Section Image
  • Samantha Kalil

    Buyer's Agent in 2025

    Samantha Kalil

    Omni Homes International

    (520) 333-4942

    15 Total Sales

    Samantha Kalil
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6782885

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

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

Sold

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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