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!
Property Attributes
MLS#6881996
Type Multi-Family
CountyMARICOPA
City Mesa
NeighborhoodFALCON ESTATES FOURPLEX SUBDIVISION
Zip85205
StyleMultiple Dwellings
Year Built2005
Taxes$ 3854
Price$ 1,100,000
Bedrooms 0
Full Bathrooms 0
Half Bathrooms 0
Data Source:
Arizona Regional MLS (ARMLSN)
Price History
6/18/2025Listed $1,100,000
Sewer
Public Sewer
Heating
Central
Cooling
Central Air,Ceiling Fan(s)
Roof
Tile
Zoning
M-H
Construction Materials
Wood Frame,Stucco
Year Built
2005
Electric
SRP
Township
1N
Unit Number
105-108
Tax Year
2024
Ownership
Fee Simple
Gross Income
70014.6
OwnerPays
None
Community Features
Play Area,Pool
County
Maricopa
Net Operating Income
41232.01
Operating Expense
26153.24
Insurance Expense
1440.0
Property Type
Multiple Dwellings
Attached Garage
No
Maintenance Expense
1600.0
Subdivision Name
FALCON ESTATES FOURPLEX SUBDIVISION
Garage Y/N
No
Status
Active
Directions
Head south on N. Greenfield Rd to McLellan Rd. Turn east on McLellan Rd and take the first right into the complex.
High School
Red Mountain High School
City
Mesa
Disclosures
Seller Prop Disc Stm
High School District
Mesa Unified District
Open Parking Spaces
4.0
Number Of Units Total
4
Lot Size Square Feet
0.0
Carport Y/N
No
Elementary School
Shepherd Junior High School
Tax Annual Amount
3854.0
Middle/Junior High School
Shepherd Junior High School
Lease Renewal Y/N
No
Additional Parcels Y/N
No
Lease Considered Y/N
No
Rent Control Y/N
No
Standard Status
Active
Occupancy Type
Owner
Elementary School District
Mesa Unified District
Tax Lot
2
Cap Rate
3.75
MobileHomeRemainsYN
No
New Financing: Conventional
True
Ownership
Fee Simple
Senior Community
No
New Financing: Cash
True