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Tierra Buena 2726 E Tierra Buena Ln 4 Unit Apartment Building $610,000 ($152,500/Unit) Phoenix, AZ 85032
INVESTMENT HIGHLIGHTS
- Located just east of the Cave Creek Road and Greenway Parkway intersection
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $610,000 | Building Class | C |
| Price Per Unit | $152,500 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 3,016 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 2.65/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $610,000 |
| Price Per Unit | $152,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 3,016 SF |
| No. Stories | 1 |
| Year Built | 1987 |
| Parking Ratio | 2.65/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | $1,200 | 900 |
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PROPERTY TAXES
| Parcel Number | 214-40-252 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,023 |
PROPERTY TAXES
Parcel Number
214-40-252
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$10,023
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Tierra Buena | 2726 E Tierra Buena Ln
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