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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$650,000

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Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 6869954

Maintenance Fees $1,500

Year Built 1987

Annual Tax Amount $1,153

Tax Year 2024

Lot Dimensions 0.22

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Area Maricopa

Zoning R-5

Interior

Heating Individual, Electric

Cooling Electric, Individual

Flooring Vinyl

Appliance Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, W/D Hookup

Exterior

Parking Features >1 Space Per Unit

Community Features No Pool

Roof Type Foam

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 214-40-252

Acceptable Financing Conventional, 1031 Exchange, FHA

Disclosures None

Listing Terms Conventional, 1031 Exchange, FHA

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Listed by Marcus & Millichap

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>

2726 E Tierra Buena Lane Phoenix, AZ 85032

John Herkenrath

Key Details

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Interior

Exterior

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2726 E Tierra Buena Lane