1840 W Thomas Rd - Apartments FOR SALE


Phoenix, AZ 85015- Midtown Phoenix
$7,438,520 USD
480-862-2775
1840 W Thomas Rd, Phoenix, AZ for Sale
$7,438,520 USD
Apartments - FOR SALE
1/11
null | 5% Cap Rate

1840 W Thomas Rd
Phoenix, AZ 85015
Midtown Phoenix


HIGHLIGHTS

  • 100% 2- and 3-bedroom floor plans in a mid-century architectural style, averaging ±1,010 SF and ±1,320 SF.
  • Fully renovated community with capital improvements including stainless steel appliances and in-unit washers and dryers.
  • Contemporary unit finishes designed to attract a higher-quality tenant profile.
  • Central Midtown Phoenix location offering swift access to major employment districts, downtown entertainment, and key transportation corridors.
  • Located near the Valley Metro’s 19 and 29 bus lines and less than one mile from the I-17 freeway.
  • Value-add potential through an additional one-bedroom unit, creating meaningful income upside upon permit approval.

OVERVIEW

Quays at Encanto is a well-located multifamily investment opportunity situated at 1840 W Thomas Rd in Phoenix, Arizona, positioned just minutes from Midtown and Downtown Phoenix. It benefits from immediate access to major arterial roads, employment centers, and everyday retail, positioning it as a convenient housing option for a broad tenant base. The property has been fully remodeled from top to bottom with contemporary finishes and consists of well-laid-out multifamily units with functional floor plans and on-site features that support stable occupancy. With its irreplaceable central location and access to major transportation corridors, the property is well positioned for both stable cash flow and future upside in one of Phoenix’s most resilient rental submarkets.

FOR SALE DETAILS

PRICE

$7,438,520 USD

PRICE/SF

$265 USD /SF

# OF UNITS

26

PRICE/UNIT

$286,097

CAP RATE

5%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quays at Encanto

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

R-4, Phoenix

APN/PARCEL ID

110-33-076

ASK ABOUT THIS PROPERTY

CJ BarnettClass Five RealtyMore Info
480-862-2775

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CJ BarnettClass Five RealtyMore Info
480-862-2775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.