816 N Revere --, Mesa, AZ 85201
- $760,000
- Sold Price
- $760,000
- List Price
- $799,900
- Closing Date
- Jun 30, 2026
- Days on Market
- 101
- Status
- CLOSED
- MLS#
- 7002414
- City
- Mesa
- Subdivision
- Heritage Estates Unit 2
- Year Built
- 1984
Property 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 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.
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Additional Information
- Elementary School
- Emerson Elementary School
- High School
- Westwood High School
- Middle School
- Carson Junior High School
- Community Features
- Other
- Construction
- Other, Stucco
- Cooling
- Central Air, Varies by Unit
- Electric
- Individual Meter, SRP
- Heating
- Heat Pump, Varies by Unit
- New Financing
- VA Loan, Conventional, 1031 Exchange, Cash
- Parking Features
- 1 Space/Unit, On Street, Attached Garage, Attached Carport
- Roofing
- Tile, Other
- Subdivision
- Heritage Estates Unit 2
- Taxes
- $2,463
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 4
- Water
- Master Meter, City Franchise
- Zoning
- M-H
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Listing courtesy of Lotus Real Estate. Selling Office: Russ Lyon Sotheby's International Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.