Properties

Mesa, AZ 85201 816 N REVERE --

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Presented By: Lotus Real Estate; 602-773-1259
  • MLS# 7002414
  • 03/22/2026
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  • Garage • 1

Home Details

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.
Presented By: Lotus Real Estate; 602-773-1259

Interior Features for 816 N REVERE --

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringTile, Laminate, Vinyl
Heating Y/NYes

General for 816 N REVERE --

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.77
Carport Y/NNo
CityMesa
Community FeaturesOther
Construction MaterialsOther, Stucco
CoolingCentral Air, Individual
CountyMaricopa
DisclosuresSeller Prop Disc Stm
ElectricSRP, Individual Meter
Electric Expense1200.0
Elementary SchoolEmerson Elementary School
Elementary School DistrictMesa Unified District
Fuel Expense0.0
Garage Y/NYes
Gross Income66000.0
HeatingIndividual, Heat Pump
High SchoolWestwood High School
High School DistrictMesa Unified District
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolCarson Junior High School
MobileHomeRemainsYNNo
Net Operating Income57537.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: VATrue
Number Of Units Total4
Open Parking Spaces2.0
Operating Expense8463.0
OwnerPaysOther, Trash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofOther, Tile
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameHERITAGE ESTATES UNIT 2
Tax Annual Amount2463.0
Tax Lot18
Tax Year2025
Township1N
Trash Expense0.0
Water Sewer Expense4800.0
Year Built1984
ZoningM-H

Exterior for 816 N REVERE --

Covered Spaces5.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions90 ft 108 ft
Number of Buildings1
Parking FeaturesAttached Garage, Attached Carport, 1 Space/Unit, On Street
Road Surface TypeAsphalt
SpaNo
Total Parking7.0
Water SourceMaster Meter, City Franchise

Additional Details

Price History

Schools

Middle School Carson Junior High School
High School Westwood High School
Elementary School Emerson Elementary School

Connect Realty

Price $850,000
MLS#7002414
List Date 03/22/2026
Property Type Multi-Family
Phone 888.795.6274
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