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1350 E Thomas Rd
Phoenix, AZ 85014

Thom Slate on Thomas · Multifamily Property For Sale · 130 Units

INVESTMENT HIGHLIGHTS

  • 130 Units, Originally Developed in 1972, With Recent Extensive Renovations (Over $5,500,000 in Capital Improvements)
  • Master Metered for Electricity & Domestic Hot Water, With Individual Unit HVACs
  • Offered All Cash / New Loan
  • Exceptional Location Near Midtown Phoenix With Major Employment (Medical) & Access to Major Transportation Corridors (I-10, I-17, & SR-51 Freeways)
  • Qualifies for Fannie Mission Driven Program Offering a Reduced Interest Rate (Average In-Place Rental Rates ~$1,000)
  • Available Individually or With Thom Slate on Colter Apartments (123 Units in Phoenix)

PROPERTY FACTS

No. Units 130
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 2.27 AC
Building Size 51,734 SF
No. Stories 2
Year Built/Renovated 1972/2020

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Disposal
  • Microwave
  • Heating
  • Kitchen
  • High Speed Internet Access
  • Satellite TV
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Dining Room
  • Vinyl Flooring
  • Window Coverings

SITE AMENITIES

  • Controlled Access
  • Laundry Facilities
  • Pool
  • Property Manager on Site
  • Gated
  • Furnished Units Available
  • Package Service
  • Pet Play Area
  • Maintenance on site

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 75 - 276 - 351
1+1 55 - 432 - 486

PROPERTY TAXES

ZONING

Zoning Code R-5 (Residential)
  • Listing ID: 30402361

  • Date on Market: 12/19/2023

  • Last Updated:

  • Address: 1350 E Thomas Rd, Phoenix, AZ 85014