421 E 6TH Drive, Mesa, AZ 85204 (MLS# 6894120)

421 E 6TH Drive, Mesa, AZ 85204

$450,000
Property Type: Multiple Dwellings Status: Active
Current Price: $450,000 Last Modified: 12/22/2025

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.

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

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
Listing Office: Grace CRE
IDX
Last Updated: December - 22 - 2025
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