Two-Bedroom
For Sale
$184,888
5525 E THOMAS Road #R13, Phoenix, AZ 85018
Community amenities include a pool, spa, outdoor shower, barbecue grills, and fountains.
Property Size848 SF
Days on Market99
Property Features for 5525 E THOMAS Road #R13
General Information
Standard status
Active
Size
848 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Asking Price
$200,000
Amenities
swimming pool
spa
outdoor shower
BBQ grills
fountains
Building Details
Building Size
848 SF
Year Built
1974
Stories
2
Listing Agency:
Ann Adams And Associates Realty, LLC
Listed By:
Ann Adams · License #BR544176000
(602) 330-2323
Source:
Vwolpert.kw
Added: Jul 11
Changed: Oct 16
Last Checked: Oct 16 at 5:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ann Adams And Associates Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1974, this two-bedroom condo has a full bathroom and a kitchen with granite countertops, white cabinetry, breakfast-bar seating, pendant lights, generous cabinet storage, and newer flooring.
Shared community features include a swimming pool, spa, outdoor shower, barbecue grills, fountains, and maintained common areas. The pool is close to the unit.
Shared community features include a swimming pool, spa, outdoor shower, barbecue grills, fountains, and maintained common areas. The pool is close to the unit.
Key Highlights
- Two bedrooms and one full bathroom
- Kitchen with granite counters, white cabinetry, breakfast‑bar seating, pendant lights, and newer flooring
- Community swimming pool, spa, outdoor shower, BBQ grills, and fountains
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,891
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,820
$197.8K
Cap Rate 7%
$141,300
$141.3K
Cap Rate 9%
$109,900
$109.9K
Market Conditions
NOI Build-Up for 848 SF
Gross rent
$19.1K $22.56/SF
− Vacancy
−$1.1K −$1.35/SF
EGI
$18.0K $21.21/SF
− OpEx
−$8.1K −$9.54/SF
NOI
$9.9K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,820
Cap Rate 7%
$141,300
Cap Rate 9%
$109,900
Alternative Uses
Best Use
Apartment 5plus
$141.3K
$123.6K – $164.9K
NOI $9,891 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.9K
$224.8K – $299.7K
NOI $17,981 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Community amenities include a pool, spa, outdoor shower, barbecue grills, and fountains.
Where is this residential income property located?
The property is located at 5525 E THOMAS Road #R13 Phoenix, AZ.
What is the asking price?
The asking price for this property is $184,888.
What are key features of this property?
This property features: Two bedrooms and one full bathroom; Kitchen with granite counters, white cabinetry, breakfast‑bar seating, pendant lights, and newer flooring; Community swimming pool, spa, outdoor shower, BBQ grills, and fountains
