$850,000

816 N REVERE --, Mesa, AZ 85201

Multi-Family Home
Built in 1984
—— sqft lot
—— car garage
$——/sqft
Listed 10 days ago

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.

Listing Status:: Active
Date Added:: March 22, 2026
Data Last Updated:: April 2, 2026 at 7:07AM
Listing Office:: Lotus Real Estate : 602-773-1259
Listing Agent:: Erick F Garcia Cervantes : 480-228-0792
MLS ID:: 7002414

Flooring: TileLaminateVinyl
A/C: Central AirIndividual
Heating: IndividualHeat Pump

Parking: Attached GarageAttached Carport1 Space/UnitOn StreetParking spaces: 7

Roofing: OtherTile
General: OtherStucco

Road/Access: Asphalt
Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Mesa Unified District
County: Maricopa

Zoning: M-H13517314

Water: Master MeterCity Franchise
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Erick F Garcia Cervantes , Lotus Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Emerson Elementary School

415 N Westwood, Mesa, AZ, 85201

Grades PK-6

0.54 miles away

Carson Junior High School

525 N Westwood, Mesa, AZ, 85201

Grades 7-8

0.41 miles away

Westwood High School

945 W Rio Salado Pkwy, Mesa, AZ, 85201

Grades 9-12

0.15 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.