This Multifamily Property is no longer advertised on LoopNet.com.
1350 E Thomas Rd
The Loreto · 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
Zoning
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 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
