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510 N HORNE -- Mesa, AZ $ 4,950,000
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510 N HORNE --
$ 4,950,000
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510 N HORNE --

Mesa, AZ, 85203
$ 4,950,000
Baths0.0

Monthly Estimate*

$ 30,478

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Studio

Multi-Family Home for sale in Mesa, AZ

for $4,950,000. This home was built in 1971.

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.

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Multi-Family Active

Price

$ 4,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,748

Style

Multiple Dwellings

Year Built

1971

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

6989104
Features
General
Sewer Public Sewer
Heating Electric
Cooling Ceiling Fan(s) Electric Individual
Roof Composition
Zoning M-H
Construction Materials Stucco Block
Year Built 1971
Electric SRP
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 434625.0
Community Features Pool
County Maricopa
Net Operating Income 320250.0
Operating Expense 8748.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name GREEN ACRES RE-PLATTED
Garage Y/N N
Status Active
Directions From Horne and University drive north of Horne. Property is on west side of street.
City Mesa
Disclosures None
High School District Mesa Unified District
Open Parking Spaces 25.0
Number Of Units Total 25
Carport Y/N N
Tax Annual Amount 8748.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Mesa Unified District
Tax Lot 13
Cap Rate 6.47
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Paved Free Assigned >1 Space Per Unit
Water Source City Franchise
Total Parking 50.0
Number of Buildings 7
Spa N
Lot Dimensions IRR
Road Surface Type Asphalt
Covered Spaces 25.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 510
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* Excluded Features
List By
Orion Investment Real Estate

Broker

jackson.everhart@orionprop.com

Email

Affordability Calculator

$31,207
Per Month
98%
2%
0%
Monthly Principal & Interest
$30,478
Monthly Property Taxes
$729
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327115 Elementary School
4327715 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/24/2026$4,950,000 Listed Price

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510 N HORNE --, Mesa, AZ, 85203 is a Multi-Family Home for sale at $4,950,000. 510 N HORNE -- is a studio with 0.0 baths and was built in 1971. The property's zip code is 85203 which is in Mesa, AZ

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