421 E 6TH Drive, Mesa, AZ 85204

$450,000
Property Type: Multiple Dwellings Status: Active
Current Price: $450,000 Last Modified: 8/04/2025

Description

Sunrise on 6th | Duplex Investment Opportunity | Below Market Rents in a Prime Central Mesa Location Grace Commercial Real Estate is proud to present Sunrise at 6th, a value-add duplex investment located in the heart of Mesa. This single-level, garden-style property features two spacious 2-bedroom, 1-bathroom units with private entrances and dedicated parking, making it an ideal asset for investors seeking long-term stability with rental upside.

Supplements: Investment Overview: Unit 1 is currently leased at $1,230 per month and was fully renovated in 2019, including new countertops, cabinetry, bathroom upgrades, fresh paint, updated doors, and closet hardware. The AC unit was replaced in 2023, and the unit includes an in-unit washer/dryer. Unit 2 is leased at $1,028 per month to long-term tenants who have occupied the property since acquisition in 2014. While it has not been remodeled, it offers significant upside through renovation. The AC unit was replaced in 2024, and this unit also includes a washer/dryer. Current rents are below market, presenting a clear value-add opportunity for investors looking to improve interiors and increase cash flow. Location Highlights: Positioned just minutes from Downtown Mesa, this centrally located property provides easy access to major freeways including the Loop 202 and US-60, public transportation, shopping, and dining. Its proximity to growing employment corridors, educational institutions, and cultural venues supports strong and consistent rental demand. With long-term tenancy in place, low operating costs, and clear potential to increase income, Sunrise at 6th offers a compelling opportunity to secure a well-located duplex with solid fundamentals and immediate value enhancement potential. All facts and figures to be verified by buyer.

More Information MLS# 6894120

Contract Info

Current Price: $450,000 List Price: $450,000 Status: Active List Date: 2025-07-17 Ownership: Fee Simple

Location Tax Legal

House Number: 421 Compass: E Street Name: 6TH St Suffix: Drive City/Town Code: Mesa State/Province: AZ Zip Code: 85204 Zip4: 7503 County Code: Maricopa Subdivision: HAWS REPLAT Assessor Number: 139-24-173 Tax Year: 2024

General Property Description

Lot Size Dimensions: 7131 Year Built: 1986 Uncvrd Parking Spcs: 4 Total # of Units: 2 # of Buildings: 1 Zoning: Multi Flood Zone: No Elementary School District: Mesa Unified District High School District: Mesa Unified District Elementary School: Holmes Elementary School High School: Mesa High School

Remarks Misc

Cross Street: Mesa Dr. & Broadway Geo Lat: 33.403602 Geo Lon: -111.821535

Legal Info

Township: 1N Range: 5E Section: 26 Lot Number: 28

Income Expenses

Gross Annual Sch Inc: 27096 Net Operating Income: 22106

Showing Notification Methods

Showing Service: Aligned Showings

2 Bedroom Units

# 2 Bedroom Units: 2 Avg Rent: 1129 Avg SqFt: 750 # Baths: 1

Property Features

Project Type: Duplex Construction: Wood Frame; Brick Const - Finish: Painted; Stucco; Brick Veneer Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Appliances Included: Free-Standing Range Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; City Electric; Individual Meter Gas: None Parking Features: >1 Space Per Unit Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
Listing Office: Grace CRE
Last Updated: August - 04 - 2025
421 E 6TH Drive, Mesa, AZ 85204- MLS# 6894120
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