Thomas Suites | 2333 East Thomas Rd
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Thomas Suites 2333 East Thomas Rd
182 Unit Apartment Building For Sale Phoenix, AZ 85016
Executive Summary
JLL is pleased to introduce Thomas Suites, an exceptional investment opportunity located on 24th Street & Thomas Road in Phoenix, Arizona. The property, which previously operated as an Embassy Suites, offers the potential for a profitable 182-unit multifamily conversion with the conversion site plan expecting city approval in August, 2024.
Thomas Suites presents a unique opportunity for investors looking to capitalize on the growing demand for multifamily housing in the Phoenix market. With a strategic location in a desirable neighborhood, the property benefits from its proximity to various amenities, including restaurants, shopping centers, and recreational facilities. Its convenient access to Arizona Route 51, Loop 202 & Phoenix Sky Harbor International Airport, make Thomas Suites an attractive option for renters looking for easy accessibility.
Thomas Suites presents a unique opportunity for investors looking to capitalize on the growing demand for multifamily housing in the Phoenix market. With a strategic location in a desirable neighborhood, the property benefits from its proximity to various amenities, including restaurants, shopping centers, and recreational facilities. Its convenient access to Arizona Route 51, Loop 202 & Phoenix Sky Harbor International Airport, make Thomas Suites an attractive option for renters looking for easy accessibility.
Property Facts
| Sale Type | Investment | Building Class | B |
| Sale Conditions | Redevelopment Project | Lot Size | 2.99 AC |
| No. Units | 182 | Building Size | 110,800 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2008 |
| Apartment Style | Mid Rise | Parking Ratio | 0.67/1,000 SF |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Units | 182 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 2.99 AC |
| Building Size | 110,800 SF |
| No. Stories | 4 |
| Year Built | 2008 |
| Parking Ratio | 0.67/1,000 SF |
Unit Amenities
- Air Conditioning
Site Amenities
- Pool
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Bike Score ®
Very Bikeable (80)
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Brian Smuckler -
Jeff Seaman -
Bryson Fricke -
Derek Smigiel -
JLL
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Thomas Suites | 2333 East Thomas Rd
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