510 N HORNE, Mesa, AZ 85203
$4,750,000
Property Type: Multiple Dwellings Status: Active
Current Price: $4,750,000 Last Modified: 4/01/2026
Overview
Description
Listing Details MLS# 6989104
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
- Assessor's Map #
- 13
- Legal Description (Abbrev)
- GREEN ACRES REPLATTED - LOTS 13, 14, 15 AND 16 EX TH E 109.5F OF LOTS 13 AND 14
- Assessor's Parcel #
- 92
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Mesa
- Census Tract
- 420902
- Taxes
- 8748
- Legal
- GREEN ACRES REPLATTED - LOTS 13, 14, 15 AND 16 EX TH E 109.5F OF LOTS 13 AND 14
- Marketing Name
- Riggs Circle Apartments
Contract Info
- Ownership
- Fee Simple
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.
Legal Info
- Township
- 1N
- Range
- 5E
- Section
- 14
- Lot Number
- 13
Income Expenses
- Gross Annual Sch Inc
- 442500
- Net Operating Income
- 320250
More Information
Showing Notification Methods
- Showing Service
- No Showing Service Used
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 25
- Avg Rent
- 1475
- Avg SqFt
- 650
- # Baths
- Yes
Project Type
- 25 - 50 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Tile
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 8748
- Other Income
- 15000
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 434625
Pmt & Rate Info
- Cap Rate
- 6.47
- Equity
- 4950000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Electric
- Yes
- Individual
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Green Landscaping
- Yes
- Partially Fenced
- Yes
Interior Features
- Fire/Smoke Alarm(s)
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
- Washer/Dryer
- Yes
Road Access Type
- City Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Free
- Yes
- >1 Space Per Unit
- Yes
- Paved
- Yes
- Assigned
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
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: April - 01 - 2026
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