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Rich Brecklin

rich@arizonalife.net +1(480) 660-3460

$850,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Heritage Estates Unit 2

MLS Listing ID 7002414

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

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Listed by Lotus Real Estate • Erick F Garcia Cervantes

NEARBY SCHOOL & BUSINESS

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Rich Brecklin

+1(480) 660-3460

Agent

816 N REVERE -- Mesa, AZ 85201

Rich Brecklin

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION