$760,000
$799,900
5.0%For more information regarding the value of a property, please contact us for a free consultation.
816 N REVERE -- Mesa, AZ 85201
Key Details
Sold Price $760,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Heritage Estates Unit 2
MLS Listing ID 7002414
Sold Date 06/30/26
Year Built 1984
Annual Tax Amount $2,463
Tax Year 2025
Lot Dimensions 90 ft × 108 ft
Source Arizona Regional Multiple Listing Service (ARMLS)
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.
Location
State AZ
County Maricopa
Community Heritage Estates Unit 2
Area Maricopa
Zoning M-H
Interior
Heating Individual, Heat Pump
Cooling Central Air, Individual
Flooring Vinyl
Appliance Free-Standing Range, Other, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
Exterior
Parking Features Attached Garage, Attached Carport, 1 Space/Unit, On Street
Community Features Other
Roof Type Other,Tile
Garage Yes
Private Pool No
Building
Sewer Public Sewer
Water Master Meter, City Franchise
New Construction No
Schools
Elementary Schools Emerson Elementary School
Middle Schools Carson Junior High School
High Schools Westwood High School
School District Mesa Unified District
Others
Senior Community No
Tax ID 135-17-314
Acceptable Financing Conventional, 1031 Exchange, VA Loan
Disclosures Seller Prop Disc Stm
Listing Terms Conventional, 1031 Exchange, VA Loan
Financing Conventional
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Bought with Russ Lyon Sotheby's International Realty






