510 N HORNE, Mesa, AZ 85203 (MLS# 6989104)

510 N HORNE, Mesa, AZ 85203

$4,450,000
Property Type: Multiple Dwellings Bedrooms: 50 Baths: 25 Status: Active
Current Price: $4,450,000 Last Modified: 8/25/2026

Overview

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.

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
Country
US
County Code
Maricopa
Subdivision
GREEN ACRES RE-PLATTED
Assessor Number
137-13-092-A
Tax Year
2025

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

2 Bedroom Units

# 2 Bedroom Units
25
Avg Rent
1475
Avg SqFt
650
# Baths
Yes

More Information

Structure

Bedrooms Total
50
Bathrooms Total
25

Income Expenses

Gross Annual Sch Inc
442500
Net Operating Income
320250

Showing Notification Methods

Showing Service
No Showing Service Used

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
IDX
Listing Office: Orion Investment Real Estate
Last Updated: August - 25 - 2026
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