$350,000
Mesa, AZ 85205
MLS# 5011682
Status: Closed
1 / 7
Property Description
Newer Nicer 3 Bedroom Units. All Units 1224 Square Feet. Dining, Kitchen and Master Bedroom Upstairs. Lower level additional Bedrooms and laundry. Tenants are Steps Away from the Pool and Play Area. Great for Owner Occupant or Investor. Super Quiet Location but close to Shopping and Freeway. Major Employers Close by as Well. All Facts and Figures Approximate Buyer to Verify to their Satisfaction as well as all MLS Info
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $350,000
Sold Price: $350,000
Status: Closed
List Date: 2013-10-08
Location, Tax & Legal
Unit #: 113
Building Number: 3
Assessor's Map #: 72
Legal Description (Abbrev): FALCON ESTATES FOURPLEX SUBDIVISION
Assessor's Parcel #: 74
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420215
Taxes: 2327.02
Legal: FALCON ESTATES FOURPLEX SUBDIVISION MCR 753-10 BLDG 1
Marketing Name: Falcon Estates Fourplex
Map Code/Grid: Q41
House Number: 4423
Compass: E
Street Name: MCLELLAN
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Zip4: 3220
County Code: Maricopa
Subdivision: Falcon Estates
Assessor Number: 141-72-074
Tax Year: 2012
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 3085
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Jr. High School: Shepherd Junior High School
High School: Red Mountain High School
Year Built: 2005
Zoning: R3
Legal Info
Range: 6E
Section: 10
Township: 1N
Lot Number: 3
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Floors
Concrete: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 1200
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 6270
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 600
Operating Exp: 11597.02
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 0
Total Monthly Rental Income: 3200
Pmt & Rate Info
Cap Rate: 6.69
Down Payment: 0
Equity: 379900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Pool: 1
Play Area: 1
Barbecue: 1
Heating
Electric: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Cable TV Available: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Basement: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Built-In Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
Free: 1
>1 Space Per Unit: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
None: 1
New Financing
Conventional: 1
Special
Incorporated Area: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 4
Avg Rent: 750
Avg SqFt: 1224
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Greenfield & McKellips
Directions: South on McKellips. East on McLellan.
Geo Lat: 33.444094
Geo Lon: -111.734724
Status Change Info
Off Market Date: 2013-11-07
Under Contract Date: 2013-11-06
Close of Escrow Date: 2013-12-16
Sold Price: $350,000
Income Expenses
Net Operating Income: 25417
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Concrete; Carpet
Sale Includes: Land & Building
Community Features: Pool; Play Area; Barbecue
Exterior Amenities: Landscape Water System; Desert Landscaping; Cable TV Available
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Basement
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; W/D Hookup
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: Carport; >1 Space Per Unit; Free
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Special: Incorporated Area
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: April - 06 - 2026
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