816 N Revere -- Mesa, AZ 85201
Listing Courtesy of: Arizona Regional MLS / Lotus Real Estate

  816 N Revere -- Mesa, AZ 85201

Active (14 Days)
$850,000 (USD)

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.

MLS #:
7002414
Taxes
$2,463
Type
Multifamily
Year Built
1984
County
Maricopa County

Listed By

Erick F Garcia Cervantes, Lotus Real Estate
Source
Arizona Regional MLS
Last checked Apr 5 2026 at 3:30 AM GMT+0000
Bathroom Details
Heating and Cooling
  • Heat Pump
  • Individual
  • Central Air
Flooring
  • Tile
  • Laminate
  • Vinyl
Exterior Features
  • Stucco
  • Other
  • Roof: Tile
  • Roof: Other
Utility Information
  • Sewer: Public Sewer
School Information
  • Elementary School: Emerson Elementary School
  • Middle School: Carson Junior High School
  • High School: Westwood High School
Garage
  • Garage
Parking
  • 1 Space/Unit
  • On Street
  • Attached Carport
  • Attached Garage
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: Listing Data Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 4/4/26 20:30.