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Property Description
Located in the heart of Mesa near the Loop 202 and 101 freeways, and just minutes from Tempe, Cubs Spring Training Stadium, and Mesa Riverview Mall, Four at Riverview presents a compelling investment opportunity. This fully leased fourplex features an ideal unit mix, including one detached three-bedroom, two-bath home and three spacious two-bedroom, two-bath units. Each unit is equipped with in-unit washer and dryer hookups, individual HVAC systems, and a history of thoughtful renovations completed between 2018 and 2020. Current gross monthly rents total $7,030, with average unit rents of approximately $1,757. However, there's immediate upside potential to increase rental income by an estimated $650 to $1,000 per month as leases turn over or are brought to market rate. Unit 101, the standalone three-bedroom residence, is occupied by long-term tenants paying $2,395 monthly. The unit was remodeled in 2018 and features tile flooring throughout, with a new HVAC system installed in 2023. Unit 102, one of the two-bedroom, two-bath units, was renovated in 2019 and includes updated vinyl flooring, a 2021 HVAC replacement, and a rare enclosed side yard that allows for increased rental value. This type of yard space is uncommon among comparable properties in the area, adding to the unit's appeal. Unit 201, also remodeled in 2018, rents for $1,345 and features durable vinyl flooring and a washer/dryer. The HVAC was replaced in 2021. Similarly, Unit 202, updated in 2020 and currently renting for $1,445, includes modern finishes, vinyl flooring, and a 2021 HVAC upgrade. This asset has been held and maintained by the same ownership since 2016, with professional renovations made shortly after acquisition. With all major systems updated, stable in-place tenants, and proven rental history, Four at Riverview offers both strong current cash flow and significant upside potential. Located in one of Mesa's most accessible and desirable submarkets, this fourplex is a turnkey opportunity for any multifamily investor seeking stability, growth, and location.
Full Property Details
Full Property Details for 924 N Revere
General
- Sold For: $880,000
- HOA FEE: $872
- Taxes: $2,406 (2024)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6894118
- Added to Site: 183 day(s) ago
Interior
- Flooring: Carpet, Ceramic Tile, Vinyl
Parking
- Parking Features: 1 Space/Unit, Carport
Location
- County: Maricopa
- Township: 1N
- Subdivision: HERITAGE ESTATES
- Cross Streets: Alma School & Rio Salado
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric, Individual
- Heating Type: Individual, Heat Pump, Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Wood Frame, Painted, Stucco, Block
- Roof: Tile, Built-Up, Foam
- Year Built: 1984
Unit Information
- Vacancy %: .02
Lot Features
- Lot Dimensions: irr
- Frontage: Asphalt
- Zoning: multi
Financial Considerations
- Maint. Fee/Month: $872
- Tax Amount: $2,406
- Tax Year: 2024
- Terms: Owner May Carry, Conventional, FHA, VA Loan
- Owner Pays: Trash Collection, Water, Sewer, Landscaping
Disclosures and Reports
- Legal Description: LOT 7 HERITAGE ESTATES MCR 024706
- Property ID: 135-17-303
- Range: 5E
- Section: 16
- Lot Number: 7
Listed by Grace CRE
Sold by HomeSmart
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Schools
Schools serving 924 N Revere
School District:Mesa Unified District
| Name | Grades | Distance |
|---|---|---|
Emerson Elementary School 415 North Westwood, Mesa, AZ 85201 | PK-6 | 0.7 mi |
Carson Junior High School 525 North Westwood, Mesa, AZ 85201 | 7-8 | 0.6 mi |
Westwood High School 945 West Rio Salado Parkway, Mesa, AZ 85201 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 924 N Revere
Date
Details
Price
Change
Source
8/11/2025
Sold
$880,000
—
MLS
7/17/2025
Listed
$880,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
924 N Revere, Mesa, AZ 85201 (MLS# 6894118) is a Multi-Family property that was sold at $880,000 on August 11, 2025. Want to learn more about 924 N Revere? Do you have questions about finding other Multi-Family real estate for sale in Mesa? You can browse all Mesa real estate or contact a Coldwell Banker agent to request more information.

