2726 E Tierra Buena Ln - Apartments FOR SALE


Phoenix, AZ 85032- Paradise Valley North
$665,000 USD
602-687-6679
2726 E Tierra Buena Ln, Phoenix, AZ for Sale
$665,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

2726 E Tierra Buena Ln
Phoenix, AZ 85032
Paradise Valley North


OVERVIEW

Advantageously placed just west of State Route 51, Tierra Buena (“the property”) is a 4-unit apartment community located just east of the Cave Creek Road and Greenway Parkway intersection, deep inside the expanding Northeast Phoenix submarket. Its nearby proximity to State Route 51, a major transportation artery, affords residents direct access to simple passage within desirable commute times to nearly any destination across The Valley. Included in those nearby destinations are some of the largest employment corridors in Arizona. The I-17 / Deer Valley and Scottsdale Airpark employment corridors are reachable within a 10-minute drive, and the Biltmore employment district is less than 15 minutes away. In addition to powerful job opportunities, the surrounding landscape is also flush with countless dining, shopping, and entertainment options. Desert Ridge, Scottsdale Quarter, and the Biltmore Area, each hold highly sought after nighttime experiences, including restaurants, bars, and retail stores. Built in 1987, Tierra Buena is entirely comprised of two-bedroom, two-bathroom floorplans covering 900 square feet each equipped with washer-dryer hookups and private patios. Future ownership will have the opportunity to upgrade the interiors of the 2 remaining classic units and capitalize on the associated rental premium already proven out at the property.

FOR SALE DETAILS

PRICE

$665,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

4

PRICE/UNIT

$166,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tierra Buena

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R-3

APN/PARCEL ID

214-40-252

ASK ABOUT THIS PROPERTY

Paul BayMarcus & MillichapMore Info
602-687-6679

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Paul BayMarcus & MillichapMore Info
602-687-6679

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.