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2726 E Tierra Buena Lane, Phoenix, AZ 85032
$710,000


















Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$710,000
Last Modified:
5/22/2025
Description
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.
Supplements: 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. 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.
More Information MLS# 6869954
Contract Info
Current Price: $710,000
List Price: $710,000
Status: Active
List Date: 2025-05-21
Ownership: Fee Simple
Location Tax Legal
House Number: 2726
Compass: E
Street Name: Tierra Buena
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Country: US
County Code: Maricopa
Assessor Number: 214-40-252
Tax Year: 2024
General Property Description
Lot Size Dimensions: 0.22
Year Built: 1987
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 1
Zoning: R-5
Remarks Misc
Geo Lat: 33.630515
Geo Lon: -112.023006
Status Change Info
Status Change Date: 2025-05-22
Legal Info
Lot Number: 5
Income Expenses
Gross Annual Sch Inc: 50220
Net Operating Income: 35655
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1200
Avg SqFt: 900
# Baths: 8
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Foam
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Microwave; W/D Hookup
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: >1 Space Per Unit
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Marcus & Millichap
Last Updated: May - 22 - 2025

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