1350 E Thomas Rd | Phoenix, AZ 85014
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1350 E Thomas Rd
Phoenix, AZ 85014
The Loreto · Build-to-Rent 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 | Total Plot Size | 2.27 ac |
| Property Type | Build-to-Rent | Property Size | 51,734 sq ft |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2020 |
| Costar Property Class | C | ||
| Use Class | R-5 - Residential | ||
| No. Units | 130 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | C |
| Total Plot Size | 2.27 ac |
| Property Size | 51,734 sq ft |
| No. Floors | 2 |
| Year Built/Renovated | 1972/2020 |
| Use Class | R-5 - Residential |
AMENITIES
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 Flats Available
- Package Service
- Pet Play Area
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 75 | - | 276 - 351 |
| 1+1 | 55 | - | 432 - 486 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £32,226 | Total Assessment | £264,657 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£32,226
Improvements Assessment
£0
Total Assessment
£264,657
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