510 N Horne | Mesa, AZ 85203
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- LoopNet Team
510 N Horne
Mesa, AZ 85203
Riggs Circle · Multifamily Property For Sale
·
25 Units
INVESTMENT HIGHLIGHTS
- 7 of the 25 units are renovated with in-suite washer & dryers, stainless steel appliance package, new kitchens, new bathrooms, new plumbing & eletric
- Proven renovation plan with new rent levels already achieved at a $488 premium over the in place average rent
- Mesa AZ boasts some of the largest and most dynamic industrial developments in the metro area
- Below market rents for a perfect value add opportunity to capitalize on the growth in the Mesa submarket
- Located just minutes from downtown Mesa, home to over 300 local business, city hall, new multifamily class A construction
- Located in the 2nd largest city in the Phoenix metro area and 3rd largest in the state of Arizona
PROPERTY FACTS
| No. Units | 25 | Building Size | 16,560 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2023 |
| Building Class | C | Parking Ratio | 2.96/1,000 SF |
| Lot Size | 1.79 AC | ||
| Zoning | M-H - M-H, Multi-Family | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.79 AC |
| Building Size | 16,560 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built/Renovated | 1971/2023 |
| Parking Ratio | 2.96/1,000 SF |
| Zoning | M-H - M-H, Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Range
- Lawn
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 25 | $1,475 | 650 |
PROPERTY TAXES
| Parcel Number | 137-13-092A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $88,669 |
PROPERTY TAXES
Parcel Number
137-13-092A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$88,669
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