2828 E Tierra Buena Ln - Multi-Family FOR SALE


Phoenix, AZ 85032- Paradise Valley North
$593,000 USD
602-714-1297
2828 E Tierra Buena Ln, Phoenix, AZ for Sale
$593,000 USD
Multi-Family - FOR SALE
1/21
null | 5.48% Cap Rate

2828 E Tierra Buena Ln
Phoenix, AZ 85032
Paradise Valley North


HIGHLIGHTS

  • 4 Units, Built in 1982, Garden-Style Property Located Within the Palomino Pointe HOA
  • Unit Mix Consists of (1) 1-Bed / 1-Bath, (1) 2-Bed / 1-Bath, (1) 2-Bed / 2-Bath & (1) 3-Bed / 3-Bath Units
  • Value-Add Opportunity Through Additional Interior & Exterior Remodel
  • Interior & Exterior Improvements Include Some New HVAC Systems (2025), Updated Cabinets in Select Units, Updated Flooring in Select Units
  • Townhome-Style Layout in Select Units With Living Areas Downstairs & Bedrooms Upstairs, Each Unit Includes One Covered Parking Space

OVERVIEW

4-unit multifamily property located within the Palomino Pointe HOA in North Phoenix. Built in 1982. Unit mix consists of (1) 1-Bed / 1-Bath, (1) 2-Bed / 1-Bath, (1) 2-Bed / 2-Bath, and (1) 3-Bed / 3-Bath units. Interior and exterior improvements include new HVAC systems (2025), updated cabinets in select units, updated flooring in select units, and updated interior paint. Each unit includes one covered parking space with additional guest parking available. HOA amenities include pool, common areas, trash collection, landscaping, and pool maintenance. Convenient access to SR-51, Loop 101, and nearby retail.

FOR SALE DETAILS

PRICE

$593,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

4

PRICE/UNIT

$148,250

CAP RATE

5.48%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2828 East Tierra Buena Lane

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,557 SF

ZONING

PAD-13

APN/PARCEL ID

214-39-085

ASK ABOUT THIS PROPERTY

Tom PalestinaABI MultifamilyMore Info
602-714-1297

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Tom PalestinaABI MultifamilyMore Info
602-714-1297

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