UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Haws Replat
MLS Listing ID 6894120
Year Built 1986
Annual Tax Amount $835
Tax Year 2024
Lot Dimensions 7131
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
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.
Location
State AZ
County Maricopa
Community Haws Replat
Zoning Multi
Interior
Heating Electric
Cooling Electric
Flooring Carpet, Ceramic Tile, Vinyl
Appliance Free-Standing Range
Exterior
Parking Features >1 Space Per Unit
Community Features No Pool
Roof Type Composition
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Holmes Elementary School
High Schools Mesa High School
School District Mesa Unified District
Others
Senior Community No
Tax ID 139-24-173
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
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Ryan Ney
Realtor® ~ Team Leader | SASA548713000
Realtor® ~ Team Leader SASA548713000
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