816 N REVERE, Mesa, AZ 85201
$850,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$850,000
Last Modified:
3/24/2026
Description
Fully lease, stabilized and profesionally manged fourplex at 816 N Revere delivering immediate cash flow with strong, in place income. Current gross rents of $5,500 are supported by long term tenants and sustainable market rents, making this a turnkey investment with both stability and upside potential. The property offers a highly desirable unit mix featuring one 3 bedroom 2 bathroom unit with a 1 car garage and three 2 bedroom 2 bathroom units. All units include in unit washer and dryer and offer spacious, functional floor plans that enhance tenant retention and overall rental appeal. Recent upgrades have already been completed, including new LVP flooring, updated kitchens with quartz countertops, along with exterior improvements such as fresh paint and enhanced landscaping. This provide
Supplements: a clean, modern asset with minimal immediate capital expenditures. Centrally located in the heart of Mesa with quick access to Loop 202 and Loop 101, and just minutes from Tempe and Mesa Riverview, the property benefits from strong rental demand and excellent accessibility. Turnkey, fully leased, and built for performance, this is a rare opportunity to acquire a well maintained fourplex with proven income, quality tenants, and long term investment strength.
More Information MLS# 7002414
Contract Info
Ownership: Fee Simple
Current Price: $850,000
List Price: $850,000
Status: Active
List Date: 2026-03-22
Location, Tax & Legal
Assessor's Map #: 17
Legal Description (Abbrev): LOT 18 HERITAGE ESTATES UNIT 2 MCR 027831
Assessor's Parcel #: 314
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421102
Taxes: 2463
Legal: LOT 18 HERITAGE ESTATES UNIT 2 MCR 027831
Marketing Name: 816 N. Revere Fourplex
House Number: 816
Compass: N
Street Name: REVERE
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 7638
County Code: Maricopa
Subdivision: HERITAGE ESTATES UNIT 2
Assessor Number: 135-17-314
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 90 ft × 108 ft
Flood Zone: No
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Emerson Elementary School
Jr. High School: Carson Junior High School
High School: Westwood High School
Year Built: 1984
Zoning: M-H
Legal Info
Range: 5E
Section: 16
Township: 1N
Lot Number: 18
Project Type
Four Plex: 1
Construction
Other: 1
Const - Finish
Stucco: 1
Roofing
Tile: 1
Other: 1
Floors
Laminate: 1
Tile: 1
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 1200
Annual Gas Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 4800
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 8463
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 66000
Total Monthly Rental Income: 5500
Pmt & Rate Info
Cap Rate: 6.77
Equity: 850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Heat Pump: 1
Individual: 1
Cooling
Central Air: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Other (See Remarks): 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Other: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
On Street: 1
1 Space/Unit: 1
Attached Carport: 1
Attached Garage: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Other: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Conventional: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1300
Avg SqFt: 920
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1500
Avg SqFt: 1050
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Alma School & Rio Salado
Geo Lat: 33.429944
Geo Lon: -111.847802
Income Expenses
Gross Annual Sch Inc: 66000
Net Operating Income: 57537
Property Features
Project Type: Four Plex
Construction: Other
Const - Finish: Stucco
Roofing: Tile; Other
Floors: Laminate; Tile; Vinyl
Sale Includes: Land & Building
Community Features: Other
Exterior Amenities: Landscape Water System; Desert Landscaping; Other (See Remarks)
Interior Features: Other (See Remarks)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup; Other
Heating: Individual; Heat Pump
Cooling: Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: Garage; On Street; 1 Space/Unit; Attached Carport; Attached Garage
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Other
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Cash; VA; Conventional; 1031 Exchange
Environmental: None
Listing Office:
Lotus Real Estate
Last Updated: March - 24 - 2026
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