This Multifamily Property is no longer advertised on LoopNet.com.
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
Parcel Numbers
Multiple
Improvements Assessment
$0
Land Assessment
$43,102
Total Assessment
$353,980
ZONING
Zoning Code
R-5 (Residential)