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Sold on 02/20/2025

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

$1,050,000

Last sold 02/20/2025 after 100 Days

  • 12

    bed

  • 8

    bath

Multi-family not for sale
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About 4423 E Mclellan Rd #117-120

Property type Multi-family
Neighborhood
Year built 2005
HOA fee $0/month
Property description
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.
Listed by
Listing Agent - Ryan Swan
Listing Office - HomeSmart
Source: ARMLS mls logo
MLS#6782885 • last updated 1 year ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 6782885
Type Multiple Dwellings
Status Closed
Property Tax 3886
Year Built 2005
Interior
Flooring Carpet, Ceramic Tile
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
Exterior
Roof Tile
Construction Wood Frame, Painted, Stucco
Parking Paved, 1 Space/Unit
# of Open Parking Spaces 4
# of Covered Spaces 4
Amenities / Utilities
Water Source Individual Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision Falcon Estates
Community Features Play Area, Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 141-72-078
Zoning M-H
Directions From Greenfield And McKellips, Head South To McLellan. Turn East Onto McLellan And The Complex Is Immediately On The South Side Of The Street.
Multifamily Details
Total # of Units 4
Expense: Operating 25345
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 3000
Vacancy Allowance 0.1
Expense: Insurance 1200
Net Operating Income 47075
Gross Income 72420.3
Expense: Professional Management 6000
Gross Scheduled Income 80467
We are not permitted to show value estimates for this property.
  • Feb 2025
    mls logo MLS # 6782885
  • Feb 20, 2025 Sold
    $1,050,000 (-3.6%)
  • Dec 10, 2024 Active
    —
  • Nov 12, 2024 Listed
    $1,089,000
  • 4423 E Mclellan Rd #117-120
    $1.05M
  • Falcon Field
    $477K +14% y/y
  • 85205
    $415K +1% y/y
  • Mesa
    $490K -1% y/y
No chart available
Statistics calculated by Movoto

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7/10
Bush Elementary School
public Grades PK, K-6
Mesa Unified School District
10/10
Franklin at Brimhall Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
4/10
Shepherd Junior High School
public Grades 4-8
Mesa Unified School District
7/10
Red Mountain High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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