$450,000
Mesa, AZ 85204
MLS# 6894120

1 / 10
Property Description
Sunrise on 6th | Duplex Investment Opportunity | Below Market Rents in a Prime Central Mesa Location 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.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $450,000
List Price: $450,000
Status: Active
List Date: 2025-07-17
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): LOT 28 HAWS REPLAT MCR 023709
Assessor's Parcel #: 173
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421902
Taxes: 835
Legal: LOT 28 HAWS REPLAT MCR 023709
Marketing Name: Four on 6th
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
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 7131
Flood Zone: No
Total # of Units: 2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Holmes Elementary School
High School: Mesa High School
Year Built: 1986
Zoning: Multi
Legal Info
Range: 5E
Section: 26
Township: 1N
Lot Number: 28
Project Type
Duplex: 1
Construction
Wood Frame: 1
Brick: 1
Const - Finish
Painted: 1
Stucco: 1
Brick Veneer: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1218
Annual Land Lse Exp: 0
Annual Landscape Exp: 1500
Annual Legal & Acctg: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1440
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Operating Exp: 4993
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 27096
Pmt & Rate Info
Cap Rate: 4.91
Down Payment: 0
Equity: 450000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Tenant Pays
Electricity: 1
Appliances Included
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
City Electric: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 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
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 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
# 2 Bedroom Units: 2
Avg Rent: 1129
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Mesa Dr. & Broadway
Geo Lat: 33.403602
Geo Lon: -111.821535
Income Expenses
Gross Annual Sch Inc: 27096
Net Operating Income: 22106
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
Road Surface Type: Asphalt
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 Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
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.
Listing Office: Grace CRE
Last Updated: December - 22 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
