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Thomas Suites 2333 East Thomas Rd

182 Unit Block of Flats For Sale Phoenix, AZ 85016

Executive Summary

JLL is pleased to introduce Thomas Suites, an exceptional investment opportunity located on 24th Street & Thomas Road in Phoenix, Arizona. The property, which previously operated as an Embassy Suites, offers the potential for a profitable 182-unit multifamily conversion with the conversion site plan expecting city approval in August, 2024.
Thomas Suites presents a unique opportunity for investors looking to capitalize on the growing demand for multifamily housing in the Phoenix market. With a strategic location in a desirable neighborhood, the property benefits from its proximity to various amenities, including restaurants, shopping centers, and recreational facilities. Its convenient access to Arizona Route 51, Loop 202 & Phoenix Sky Harbor International Airport, make Thomas Suites an attractive option for renters looking for easy accessibility.

Property Facts

Sale Type Investment
Sale Conditions Development Sale
No. Units 182
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 2.99 AC
Building Size 110,800 SF
Number of Floors 4
Year Built 2008
Parking Ratio 0.67/1,000 SF

Unit Amenities

  • Air Conditioning

Site Amenities

  • Pool
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 32628700

  • Date on Market: 30/07/2024

  • Last Updated:

  • Address: 2333 East Thomas Rd, Phoenix, AZ 85016

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