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510 N HORNE, Mesa, AZ 85203 (MLS# 6989104)
$4,950,000
510 N HORNEMesa, AZ 85203
MLS# 6989104
Status: Pending
1 / 18
Property Description
The Riggs Circle Apartments consists of 25 units, all 2bed/1bath with private yards and washer/dryer in unit. The garden style property has covered parking and an on site pool for tenant amenities. 16 of the 25 units have now been renovated and the property is fully occupied.
Details
Maps
Contract Info
Current Price: $4,950,000
List Price: $4,950,000
Status: Pending
List Date: 2026-02-24
Ownership: Fee Simple
Location Tax Legal
House Number: 510
Compass: N
Street Name: HORNE
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 7134
County Code: Maricopa
Subdivision: GREEN ACRES RE-PLATTED
Assessor Number: 137-13-092-A
Tax Year: 2025
General Property Description
Lot Size Dimensions: IRR
Year Built: 1971
Uncvrd Parking Spcs: 25
Total # of Units: 25
# of Buildings: 7
Zoning: M-H
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks Misc
Cross Street: Horne and University Drive
Directions: From Horne and University, drive north of Horne. Property is on west side of street.
Geo Lat: 33.424138
Geo Lon: -111.814839
Status Change Info
Off Market Date: 2026-03-20
Under Contract Date: 2026-03-20
Legal Info
Township: 1N
Range: 5E
Section: 14
Lot Number: 13
Income Expenses
Gross Annual Sch Inc: 442500
Net Operating Income: 320250
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 25
Avg Rent: 1475
Avg SqFt: 650
# Baths: 1
Property Features
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Stucco
Roofing: Composition
Floors: Tile
Sale Includes: Land & Building
Community Features: Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Partially Fenced
Interior Features: Fire/Smoke Alarm(s)
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit; Assigned; Free; Paved
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Email
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office: Orion Investment Real Estate
Last Updated: March - 20 - 2026
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Thursday 26th of March 2026 05:58 PM
