2726 E Tierra Buena Lane, Phoenix, AZ 85032
- $615,000
- Sold Price
- $615,000
- List Price
- $650,000
- Closing Date
- Dec 01, 2025
- Days on Market
- 176
- Status
- CLOSED
- MLS#
- 6869954
- City
- Phoenix
- Year Built
- 1987
Property 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. 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.
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Additional Information
- Community Features
- No Pool
- Construction
- Wood Frame, Stucco
- Cooling
- Electric, Varies by Unit
- Electric
- SRP
- Heating
- Electric, Varies by Unit
- New Financing
- FHA, Conventional, 1031 Exchange, Cash
- Parking Features
- >1 Space Per Unit
- Roofing
- Foam
- Taxes
- $1,153
- Tax Year
- 2024
- Tenant Pays
- Electricity
- Units
- 4
- Water
- City Franchise
- Zoning
- R-5
Courtesy of Marcus & Millichap. 602-687-6700 Selling Office: Non-MLS Office.
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