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29443359
29443360

510 N Horne, Mesa, AZ 85203

JE
AZ AZ SA689433000
ORION Investment Real Estate
Listed by ORION Investment Real Estate
$4,650,000
146 days on market
Updated 18 days ago

Riggs Circle Apartments

Details
APN 137-13-092A
Property Type Multifamily
Sub Type Apartment Building
Units 25
Cap Rate 5.90%
Class C
Year Built 1971
Lot Size (SqFt) 77,940

25 Unit Garden Style Multifamily - All 2bed/1bath units with private yards

Marketing description

Riggs Circle is a boutique apartment community located at 510 North Horne in Central Mesa, Arizona. The property comprises 25 well-designed units, offering a more intimate living environment than larger nearby complexes. Units feature practical in-home amenities including washer/dryer in suite, dishwashers, builtin microwaves, electric ranges, and assigned covered parking. Community amenities include a swimming pool and pet-friendly policies due to each unit having private back yards. The property’s central Mesa location places residents within walking distance of dining, retail, and local attractions, with convenient access to major roadways and employment centers. Its smaller scale and efficient amenity package appeal to renters seeking convenience, simplicity, and a walkable neighborhood setting. From an investment perspective, Riggs Circle benefits from stable rental demand driven by Mesa’s population growth and continued revitalization of the central submarket. The modest unit count supports operational efficiency, while classic construction and functional layouts attract long-term residents. Value-add potential exists through targeted interior upgrades, positioning Riggs Circle as a durable, well-located asset within the East Valley multifamily market.

Investment highlights

510 N Horne is a 25-unit, garden-style multifamily asset located in the highly accessible Central Mesa submarket, offering a blend of in-place cash flow and remaining value-add upside. The property has undergone a substantial renovation program with 16 of 25 units renovated, featuring modernized interiors, with in-suite washer/dryer, that support continued rent growth on both renovated and classic units. All units offer private, fenced backyards along with covered parking.

Listing Contacts

JE
AZ AZ SA689433000
ORION Investment Real Estate
Listed by ORION Investment Real Estate

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Zoning

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RM-2 ResidentialMulti FamilyResidential Multiple Dwelling 2
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Jackson Everhart
License
AZ SA689433000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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