421 E 6th Dr Mesa, AZ 85204
Woodbridge Crossing NeighborhoodEstimated payment $2,563/month
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Brick Veneer
- Cooling Available
- Heating Available
- Franklin at Brimhall Elementary School Rated A
- Ceramic Tile Flooring
About This Home
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. 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $835
Year Built
- Built in 1986
Home Design
- Brick Veneer
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Over 1 Space Per Unit
Schools
- Holmes Elementary School
- Mesa High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 28
- Assessor Parcel Number 139-24-173
Community Details
Overview
- 2 Units
- Building Dimensions are 7131
- Haws Replat Subdivision
Building Details
- Operating Expense $4,993
- Gross Income $27,096
- Net Operating Income $22,106
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $835 | $8,504 | -- | -- |
| 2024 | $842 | $8,099 | -- | -- |
| 2023 | $842 | $29,770 | $5,950 | $23,820 |
| 2022 | $824 | $20,960 | $4,190 | $16,770 |
| 2021 | $834 | $17,420 | $3,480 | $13,940 |
| 2020 | $823 | $15,910 | $3,180 | $12,730 |
| 2019 | $769 | $12,470 | $2,490 | $9,980 |
| 2018 | $738 | $11,510 | $2,300 | $9,210 |
| 2017 | $716 | $10,020 | $2,000 | $8,020 |
| 2016 | $703 | $9,360 | $1,870 | $7,490 |
| 2015 | $661 | $8,070 | $1,610 | $6,460 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | For Sale | $450,000 | +275.0% | -- |
| 07/24/2014 07/24/14 | Sold | $120,000 | -7.0% | $80 / Sq Ft |
| 07/11/2014 07/11/14 | Pending | -- | -- | -- |
| 06/19/2014 06/19/14 | For Sale | $129,000 | -- | $86 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Cash Sale Deed | $120,000 | Frst Arizona Title Agency | |
| Cash Sale Deed | $45,000 | Empire West Title Agency | |
| Warranty Deed | $192,000 | Capital Title Agency Inc | |
| Warranty Deed | $147,000 | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | $270,000 | Capital Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $196,000 | Negative Amortization | |
| Previous Owner | $153,600 | New Conventional | |
| Previous Owner | $117,600 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Closed | $19,200 | No Value Available |
Source: Public Records
Similar Homes in Mesa, AZ
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6894120
APN: 139-24-173
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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