4423 E MCLELLAN Road 110, Mesa, AZ 85205 (MLS# 6691371)

4423 E MCLELLAN Road 110, Mesa, AZ 85205

$1,000,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $1,000,000 Last Modified: 5/20/2025

Overview

Description

An exceptional and unparalleled opportunity awaits with this magnificent fourplex, nestled in the heart of the 85205 zip code area in Mesa, Arizona. This remarkable property exudes charm and elegance. Offering a collection of four units, each boasting three bedrooms and two bathrooms, this meticulously crafted building showcases a tasteful blend of modern design and timeless appeal. Built in 2005, this architectural gem ensures a truly remarkable experience for both residents and investors. Situated in the coveted 85205 zip code area, this fourplex provides convenient access to an array of amenities, including shopping centers, educational institutions, and recreational parks.

Supplements: Embrace this extraordinary chance to own a prestigious and highly profitable fourplex in the vibrant city of Mesa, Arizona. Premises is in close proximity and easy access to the Loop 202 (Red Mountain Freeway). All units are a mirror image. The primary bedroom is upstairs on all units and the basement level has two bedrooms, a bathroom and a laundr ... (Read more)

Listing Details MLS# 6691371

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
Country: US
County Code: Maricopa
Subdivision: FALCON ESTATES FOURPLEX SUBDIVISION
Assessor Number: 141-72-076
Tax Year: 2023
Unit #: 110
Assessor's Map #: 72
Legal Description (Abbrev): LOT 3 FALCON ESTATES FOURPLEX SUBDIVISION MCR 075310
Assessor's Parcel #: 76
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420215
Taxes: 3886
Legal: LOT 3 FALCON ESTATES FOURPLEX SUBDIVISION MCR 075310
Marketing Name: Fourplex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: Uknown
Year Built: 2005
Uncvrd Parking Spcs: Yes
Total # of Units: 4
# of Buildings: Yes
Zoning: RM-3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Bush Elementary
Jr. High School: Shepherd Junior High School
High School: Red Mountain High School

Remarks Misc

Cross Street: Greenfield Rd and McKellips Rd
Directions: South On Greenfield Rd, East on McLellan to Falcon Estates

Status Change Info

Off Market Date: 2024-06-04
Under Contract Date: 2024-04-17
Close of Escrow Date: 2024-06-03

Legal Info

Township: 1N
Range: 6E
Section: 10
Lot Number: 3

More Information

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 4
Avg SqFt: 1225
# Baths: 2
Avg Rent: 0

3 Bedrooms Units

# 3 Bedroom Units: 4
Avg SqFt: 1225
# Baths: 2
Avg Rent: 0

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 15000
Seller Concession $/%: $
Buyer Concession to Seller: 0

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes

Floors

Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Other (See Remarks): Yes

Income & Expenses

Owner Association: Yes
Annual Ownr Asoc Fee: 11259.24
Operating Exp: 15145.24
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Equity: 997700
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

Pool: Yes
Play Area: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Interior Features

Basement: Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes

Appliances Included

Built-In Range: Yes
Other: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Other (See Remarks): Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Paved: Yes
Assigned: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Other: Yes
See Remarks: Yes

New Financing

Cash: Yes
Cash to Loan: Yes
Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Other (See Remarks): Yes

Environmental

None: Yes

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Ceramic Tile; Carpet Sale Includes: Other (See Remarks) Community Features: Pool; Play Area Interior Features: Basement Appliances Included: Built-In Range; Other Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Assigned; Paved Road Surface Type: Asphalt Owner Pays: Other; See Remarks Tenant Pays: Water; Sewer; Electricity Source of Fincl Data: Other (See Remarks) Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Cash to Loan; Conventional Environmental: None

Listing Office: Century 21 Seago

Last Updated: May - 20 - 2025