Two-Bedroom Condo with Pool
New
For Sale
$200,000
5525 E Thomas Road #R13, Phoenix, AZ 85018
Two-bedroom condo with a full bathroom and a kitchen featuring granite countertops and breakfast bar seating.
Days on Market6
Property Features for 5525 E Thomas Road #R13
General Information
Standard status
Active
Property subtype
Apartment
Amenities
swimming pool
spa
outdoor shower
BBQ grills
fountains
Building Details
Building Size
848 SF
Year Built
1974
Listing Agency:
Ann Adams And Associates Realty, LLC
(602) 330-2323
Listed By:
Ann Adams · License #BR544176000
(602) 330-2323
Source:
Sunhaven-realestate
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 29 at 1:23PM
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
Investment Insights
Based on property information with market context.
This two-bedroom condominium unit includes a full bathroom and a functional layout. The kitchen features granite countertops, white cabinetry, breakfast bar seating, pendant lighting, ample cabinet storage, and newer flooring. Both bedrooms are served by the single full bathroom.
The community offers amenities including a swimming pool, spa, outdoor shower, BBQ grills, fountains, and maintained common areas, with the pool located just around the corner from the unit.
Located in the 85018 Phoenix area near Arcadia Lite, the Scottsdale border, Old Town Scottsdale, Biltmore, and the Camelback Corridor, the condo is minutes from shopping, restaurants, golf courses, hiking, parks, schools, Sky Harbor Airport, public transportation, and major roadways including Loop 202, SR-51, and Loop 101.
The community offers amenities including a swimming pool, spa, outdoor shower, BBQ grills, fountains, and maintained common areas, with the pool located just around the corner from the unit.
Located in the 85018 Phoenix area near Arcadia Lite, the Scottsdale border, Old Town Scottsdale, Biltmore, and the Camelback Corridor, the condo is minutes from shopping, restaurants, golf courses, hiking, parks, schools, Sky Harbor Airport, public transportation, and major roadways including Loop 202, SR-51, and Loop 101.
Key Highlights
- 1974‑built 2‑bedroom condo with a full bathroom and functional layout
- Kitchen features granite countertops, white cabinetry, and breakfast bar seating
- Community amenities include a swimming pool and spa
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.1k | $22.56 |
| − Vacancy | −$1.1k | −$1.35 |
| EGI | $18.0k | $21.21 |
| − OpEx | −$8.1k | −$9.54 |
| NOI | $9.9k | $11.66 |
848 SF · lease $22.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$141.3K
$123.6K – $164.9K
NOI $9,891 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.9K
$224.8K – $299.7K
NOI $17,981 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Properties on Market for Residential income properties in Phoenix
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo with a full bathroom and a kitchen featuring granite countertops and breakfast bar seating.
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 $200,000.
What are key features of this property?
This property features: 1974‑built 2‑bedroom condo with a full bathroom and functional layout; Kitchen features granite countertops, white cabinetry, and breakfast bar seating; Community amenities include a swimming pool and spa
