816 N REVERE, Mesa, AZ 85201
$850,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$850,000
Last Modified:
3/24/2026
Overview
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: ... (Read more)
Listing Details MLS# 7002414
Location, Tax & Legal
- 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
- 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
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 90 ft × 108 ft
- Year Built
- 1984
- Uncvrd Parking Spcs
- 2
- Total # of Units
- 4
- # of Buildings
- Yes
- Zoning
- M-H
- Flood Zone
- No
- 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
Remarks Misc
- Cross Street
- Alma School & Rio Salado
Legal Info
- Township
- 1N
- Range
- 5E
- Section
- 16
- Lot Number
- 18
Income Expenses
- Gross Annual Sch Inc
- 66000
- Net Operating Income
- 57537
More Information
Showing Notification Methods
- Showing Service
- No Showing Service Used
2 Bedroom Units
- # 2 Bedroom Units
- 3
- Avg Rent
- 1300
- Avg SqFt
- 920
- # Baths
- 2
3 Bedrooms Units
- # 3 Bedroom Units
- Yes
- Avg Rent
- 1500
- Avg SqFt
- 1050
- # Baths
- 2
Project Type
- Four Plex
- Yes
Construction
- Other
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Tile
- Yes
- Other
- Yes
Floors
- Laminate
- Yes
- Tile
- Yes
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
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
Lockbox Type
- None
- Yes
Community Features
- Other
- Yes
Heating
- Heat Pump
- Yes
- Individual
- Yes
Cooling
- Central Air
- Yes
- Individual
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Desert Landscaping
- Yes
- Other (See Remarks)
- Yes
Interior Features
- Other (See Remarks)
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
- W/D Hookup
- Yes
- Other
- Yes
Road Access Type
- City Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Garage
- Yes
- On Street
- Yes
- 1 Space/Unit
- Yes
- Attached Carport
- Yes
- Attached Garage
- Yes
Electric
- SRP
- Yes
- Individual Meter
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Other
- Yes
New Financing
- Cash
- Yes
- VA
- Yes
- Conventional
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Conventional
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Environmental
- None
- 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:
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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