Riggs Circle Apartments

Riggs Circle Apartments is a 25-unit garden-style multifamily investment at 510 North Horne in Central Mesa. All residences are two-bedroom/one-bathroom units; the OM rent roll lists 650 SF per unit. The OM reports 16 of 25 units renovated, with further interior-upgrade potential. Amenities include in-suite washer/dryer, dishwashers, built-in microwaves, electric ranges, assigned covered parking, private fenced backyards and a swimming pool. Asking price $4,450,000 ($178,000 per unit), as stated in the property overview; the sales-comparables page retains an older $4,950,000 subject figure. Buyer should verify current pricing, rent roll, occupancy and financials with Jackson Everhart. Lot approximately 77,940 SF (1.7893 acres); APN 137-13-092A. Year built 1971 per the subject row in the OM.