421 E 6th Dr - Apartments FOR SALE


Mesa, AZ 85204- Central Mesa
$450,000 USD
561-269-9525
421 E 6th Dr, Mesa, AZ for Sale
$450,000 USD
Apartments - FOR SALE
1/10
null | 4.91% Cap Rate

421 E 6th Dr
Mesa, AZ 85204
Central Mesa


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

2

PRICE/UNIT

$225,000

CAP RATE

4.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunrise at 6th

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,131 SF

ZONING

-

APN/PARCEL ID

139-24-173

ASK ABOUT THIS PROPERTY

Sophia WilletsGRACE CREMore Info
561-269-9525

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Sophia WilletsGRACE CREMore Info
561-269-9525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.