Properties
Phoenix, AZ 85006 1318 E CULVER Street
$772,000
21 more
Presented By: Better Homes & Gardens Real Estate SJ Fowler; 480-649-3536
Home Details
*MOTIVATED SELLER* ALL 2 Bedrooms presenting a compelling value-add investment opportunity in a strong Phoenix rental submarket. The property features a mix of Two renovated units setting a clear path for addition value creation. The Proforma is off of conservative market rent of $1200 per unit. Actual Rents are $1173, $1071, $895 and 1 Vacant being turned after recent longtime tenant move out. The roof is +/-5 years old, and three AC units are +/- 3 years old. Central Phoenix, Location and close proximity to employment centers, Downtown Phoenix and Freeways. This asset is well-positioned for cash flow and appreciation for many years to come. All facts and figures are approximate, Buyer to verify to their own satisfaction. flow and long-term appreciation. All facts and figures are approximate, Buyer to verify to their own satisfaction.
Presented By: Better Homes & Gardens Real Estate SJ Fowler; 480-649-3536
Interior Features for 1318 E CULVER Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile, Laminate, Carpet, Vinyl
Heating Y/NYes
General for 1318 E CULVER Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.05
Carport Y/NNo
CityPhoenix
Community FeaturesSee Remarks
Construction MaterialsWood Frame, Stucco
CoolingElectric, Heat Pump, Individual
CountyMaricopa
DirectionsSouth on 12th St, E on Culver, Building is on the North Side of the Street.
DisclosuresNone
ElectricAPS
Electric Expense0.0
Elementary School DistrictPhoenix Elementary District
Fuel Expense0.0
Garage Y/NNo
Gross Income55872.0
HeatingHeat Pump, Electric
High School DistrictPhoenix Union High School District
Insurance Expense1800.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense1600.0
MobileHomeRemainsYNNo
Net Operating Income46763.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces8.0
Operating Expense9109.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameBURROUGHS
Tax Annual Amount1724.0
Tax Lot20
Tax Year2025
Township1N
Trash Expense0.0
Water Sewer Expense3385.0
Year Built1985
ZoningR-3
Exterior for 1318 E CULVER Street
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions49X150
Number of Buildings2
Parking Features<1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking8.0
Water SourceCity Franchise
Additional Details
Price History
