4423 E MCLELLAN Road, 105-108, Mesa, AZ 85205
$1,100,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,100,000
Last Modified:
6/19/2025
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
Current Price: $1,100,000
List Price: $1,100,000
Status: Active
List Date: 2025-06-18
Ownership: Fee Simple
Location Tax Legal
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
Lot Size Dimensions: 3085
Year Built: 2005
Uncvrd Parking Spcs: 4
Total # of Units: 8
# of Buildings: 1
Zoning: M-H
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
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
Legal Info
Township: 1N
Range: 6E
Section: 10
Lot Number: 2
Income Expenses
Gross Annual Sch Inc: 72180
Net Operating Income: 41232.01
Showing Notification Methods
Showing Service: Aligned Showings
3 Bedrooms Units
# 3 Bedroom Units: 3
Avg Rent: 1503.75
Avg SqFt: 1230
# Baths: 2
Contact Info
List Agent Cell Phn2: 6024617881
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 Amenities: 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
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: June - 19 - 2025
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