924 N REVERE, Mesa, AZ 85201

$880,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $880,000 Last Modified: 2/02/2026

Overview

Description

Located in the heart of Mesa near the Loop 202 and 101 freeways, and just minutes from Tempe, Cubs Spring Training Stadium, and Mesa Riverview Mall, Four at Riverview presents a compelling investment opportunity. This fully leased fourplex features an ideal unit mix, including one detached three-bedroom, two-bath home and three spacious two-bedroom, two-bath units. Each unit is equipped with in-unit washer and dryer hookups, individual HVAC systems, and a history of thoughtful renovations completed between 2018 and 2020. Current gross monthly rents total $7,030, with average unit rents of approximately $1,757. However, there's immediate upside potential to increase rental income by an estimated $650 to $1,000 per month as leases turn over or are brought to market rate.

Supplements: Unit 101, the standalone three-bedroom residence, is occupied by long-term tenants paying $2,395 monthly. The unit was remodeled in 2018 and features tile flooring throughout, with a new HVAC system installed in 2023. Unit 102, one of the two-bedroom, two-bath units, was renovated in 2019 and includes updated vinyl flooring, a 2021 HVAC replacement ...

Listing Details MLS# 6894118

Location, Tax & Legal

House Number
924
Compass
N
Street Name
REVERE
St Suffix
--
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Zip4
3976
Country
US
County Code
Maricopa
Subdivision
HERITAGE ESTATES
Assessor Number
135-17-303
Tax Year
2024
Assessor's Map #
17
Legal Description (Abbrev)
LOT 7 HERITAGE ESTATES MCR 024706
Assessor's Parcel #
303
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421102
Taxes
2406
Legal
LOT 7 HERITAGE ESTATES MCR 024706
Marketing Name
Four on Revere

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
irr
Year Built
1984
Uncvrd Parking Spcs
Yes
Total # of Units
4
# of Buildings
Yes
Zoning
multi
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Remarks Misc

Cross Street
Alma School & Rio Salado

Status Change Info

Off Market Date
2025-08-11
Under Contract Date
2025-07-17
Close of Escrow Date
2025-08-11

Legal Info

Township
1N
Range
5E
Section
16
Lot Number
7

More Information

Income Expenses

Gross Annual Sch Inc
84804
Net Operating Income
70762

Showing Notification Methods

Showing Service
Aligned Showings

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
1516
# Baths
2

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
2395
# Baths
2

Sold Info

Loan Type
Conventional
Payment Type
Fixed
Closing Cost Split
Seller Assist - A
Buyer Concession $/%
%
Seller Concession to Buyer
2500
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Four Plex
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes
Tile
Yes
Foam
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes
Other (See Remarks)
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
2309
Annual Land Lse Exp
0
Annual Landscape Exp
3276
Annual Legal & Acctg
0
Annual Maint Exp
872
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
3483
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
12346
Other Income
0
Vacancy Allowance
0.02
Adjusted Gross Inc
83107.92

Pmt & Rate Info

Cap Rate
8.04
Down Payment
0
Equity
880000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes
Individual
Yes

Cooling

Central Air
Yes
Electric
Yes
Individual
Yes

Exterior Amenities

Green Landscaping
Yes
Partially Fenced
Yes
Cable TV Available
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes
W/D Hookup
Yes
Other
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes
Carport
Yes
1 Space/Unit
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes
Owner May Carry
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up; Tile; Foam Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property; Other (See Remarks) Community Features: No Pool Exterior Amenities: Green Landscaping; Partially Fenced; Cable TV Available Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer; W/D Hookup; Other Heating: Individual; Heat Pump Cooling: Electric; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Garage; Carport; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: VA; FHA; Conventional; Owner May Carry Environmental: None
IDX
Listing Office: Grace CRE
Last Updated: February - 02 - 2026
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