Investment Overview

Built in the late 1980s, 6th Street presents investors with an attractive value-add opportunity featuring eight two-bedroom, one-bathroom residences in the heart of Mesa. With three units already renovated, the property offers a clear path to continued interior improvements and the potential to capture rental premiums through the renovation of the remaining five residences. Further distinguishing the community are its exceptionally spacious private backyards, an increasingly desirable amenity that enhances resident appeal and differentiates the property from competing multifamily communities. The existing layout also presents an opportunity to create two additional private backyards, extending this sought-after feature to more residents and strengthening the property's competitive positioning. Together, these opportunities provide multiple avenues for increasing rental income and long-term asset value. Strategically situated near the Mesa-Tempe border, 6th Street benefits from convenient access to major employment, education, retail, and entertainment destinations. Nearby Arizona State University, with approximately 51,200 students attending its Tempe campus in fall 2026, serves as a significant regional economic engine supporting employment and housing demand. Residents also enjoy proximity to Mesa Riverview, Mesa's largest retail center featuring more than 30 national retailers, and Tempe Marketplace, a 1.3-million-squarefoot shopping and entertainment destination boasting over 100 shops and restaurants. Additionally, Sloan Park and Hohokam Stadium, spring training homes of the Chicago Cubs and Athletics, respectively, provide convenient access to professional baseball and year-round recreation. Nearby Westwood High School further complements the property's established residential setting.