$4,450,000

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.

Courtesy of Orion Investment Real Estate 480-634-6934

Listing Snapshot

Days Online

229

Last Updated

Oct 11, 2026

Beds

Year Built

1971

MLS Number

6989104

Source: Home Junction

Additional Details

Property Access

Road Surface: Asphalt

Appliances & Equipment

Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer

Building

Built in 1971, 7 buildings, Construction Materials: Stucco, Block

Community

Pool

Cooling

Ceiling Fan(s), Electric, Varies by Unit

Disclosures

None

Expenses

Operating: $8,748

Floors

Tile

Heating

Electric

Income

Gross Income: $434,625, Gross ScheduledIncome: $442,500, Net Operating Income: $320,250

Lot

Dimensions: IRR

Owner Pays

Trash Collection, Water, Sewer, Landscaping

Parking

25 covered spaces, 25 open parking spaces, 50 total parking spaces, Paved, Free, Assigned, >1 Space Per Unit

Roof

Composition

Sewer

Public Sewer

Taxes

Additional parcels description:, Parcel Number: 137-13-092-A, Public Survey Range: 5E, Public Survey Section: 14, Annual Amount: $8,748, Tax Book Number: 137.00, Legal Description: GREEN ACRES REPLATTED - LOTS 13, 14, 15 AND 16 EX TH E 109.5F OF LOTS 13 AND 14, Lot: 13, Parcel Letter: A, Year: 2025, Zoning: M-H

Utilities

Water Source: City Franchise, SRP

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

510 N HORNE --

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send

Let’s Make Your Next Move Count