1318 E CULVER Street, Phoenix, AZ 85006

$770,500
Property Type: Multiple Dwellings Status: Active
Current Price: $770,500 Last Modified: 4/20/2026

Overview

Description

*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.

Supplements: flow and long-term appreciation. All facts and figures are approximate, Buyer to verify to their own satisfaction.

Listing Details MLS# 6974630

Location, Tax & Legal

House Number
1318
Compass
E
Street Name
CULVER
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85006
Zip4
2818
County Code
Maricopa
Subdivision
BURROUGHS
Assessor Number
116-22-140
Tax Year
2025
Assessor's Map #
22
Legal Description (Abbrev)
BURROUGHS
Assessor's Parcel #
140
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
113203
Taxes
1724
Legal
BURROUGHS
Marketing Name
4 On Culver

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
49X150
Year Built
1985
Uncvrd Parking Spcs
8
Total # of Units
4
# of Buildings
2
Zoning
R-3
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
12th Street & McDowell Rd
Directions
South on 12th St, E on Culver, Building is on the North Side of the Street.

Legal Info

Township
1N
Range
3E
Section
4
Lot Number
20

Income Expenses

Gross Annual Sch Inc
57600
Net Operating Income
46763

More Information

Showing Notification Methods

Showing Service
Aligned Showings

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1200
Avg SqFt
621
# Baths
Yes

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes
Tile
Yes
Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1800
Annual Land Lse Exp
0
Annual Landscape Exp
600
Annual Legal & Acctg
0
Annual Maint Exp
1600
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
3385
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
9109
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
55872

Pmt & Rate Info

Cap Rate
6.05
Equity
773500
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

See Remarks
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Electric
Yes
Heat Pump
Yes
Individual
Yes

Exterior Amenities

Other (See Remarks)
Yes

Interior Features

Other (See Remarks)
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Free-Standing Electric Oven
Yes
Refrigerator
Yes

Road Access Type

Alley
Yes
City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes
Other (See Remarks)
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

<1 Space Per Unit
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes

Existing 1st Loan

Conventional
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Laminate; Tile; Vinyl; Carpet Sale Includes: Land & Building Community Features: See Remarks Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Free-Standing Electric Oven; Refrigerator Heating: Heat Pump Cooling: Electric; Heat Pump; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: <1 Space Per Unit Road Access Type: Alley; City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks) Lockbox Type: None Existing 1st Loan: Conventional New Financing: Cash; Conventional Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
IDX
Last Updated: April - 20 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.