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Listing provided courtesy of Orion Investment Real Estate- MLS# 6989104MLS Provider

510 N HORNE --Mesa, AZ 85203

Multi-Family
$4,650,000 Active

510 N HORNE -- Overview

Time on Site:
125 days
Visits:
0

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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510 N HORNE -- Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: Mesa Unified District

Income/Expenses

  • Gross Income: 434625.0
  • Gross Scheduled Income: 442500.0
  • Net Operating Income: 320250.0
  • Operating Expense: 8748.0

Building Information

  • Year Built: 1971

Location/Region

  • Country: US
  • County Or Parish: Maricopa
  • Postal City: Mesa
  • Subdivision Name: GREEN ACRES RE-PLATTED
  • Township: 1N

Community/Development

  • Community Features: Pool

Tax Information

  • Tax Annual Amount: $8,748.00
  • Tax Year: 2025

General Information

  • Disclosures: None
  • Listing Terms: Conventional
  • Ownership: Fee Simple
  • Parcel Number: 137-13-092-A
  • Property Type: Multiple Dwellings
  • Zoning: M-H

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Electric: SRP
  • Flooring: Tile

Exterior

Parking Information

  • Open Parking Spaces: 25.0
  • Parking Features: Paved,Free,Assigned,\u003e1 Space Per Unit

Lot Information

  • Additional Parcels: false
  • Lot Size Dimensions: IRR
  • Number Of Buildings: 7
  • Road Surface Type: Asphalt
  • Water Source: City Franchise

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Stucco,Block
  • Roof: Composition

General Information

  • Covered Spaces: 25.0
  • Number Of Units Total: 25
  • Pool Private: true
  • Sewer: Public Sewer

510 N HORNE -- Neighborhood

Community

85203 (Mesa) Demographics

32
Median Age
4,161
Population Density (per sq. mile)
34%
College Educated
$60,412
Estimated Median Income
7,192
Estimated Total Home Owners
5,931
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

510 N HORNE -- Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

510 N HORNE -- Market Data

Based on the last 30 days in this zip code

$523,056
Average List Price
$266
Average Price per Square Foot
22
Properties Sold
65
Average Days on Market
115
Properties for Sale
Calculations provided by Reliance Network

510 N HORNE -- History

Date Event Value Agent
6/5/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$4,650,000 -2.1%
4/1/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$4,750,000 -4.0%
4/1/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Status Change
Active
3/20/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Status Change
Pending
2/24/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
February 24, 2026