55 W Thomas Ln

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55 W Thomas Ln

Tempe, AZ 85281
Asking Price
$7.00M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Multifamily | 11 Units | $635,909/unit <ul><li>​Desirable North Tempe Location with High Barriers to Entry</li><li>​2025 Built Class A Townhome Community with Luxury Finishes</li><li>​100% Three-Bedroom Floor Plans that Average 1,900 Square Feet</li><li>​Excellent Nearby Amenities including the Tempe Town Lake, Tempe Marketplace, and Downtown Tempe</li><li>​Robust Nearby Demographic Profile and Employment Drivers</li><li>​Individual Condo Sales as a Potential Exit Strategy</li></ul>

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NOI
$80,000
Cap Rate
1.14%
DSCR
0.19
Underwater
Cash-on-Cash
-15.98%
Monthly Payment
$34,607.443
Annual Cash Flow
$-335,289.321

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