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1318 E CULVER Street Phoenix, AZ $ 795,000
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1318 E CULVER Street
$ 795,000
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1318 E CULVER Street

Phoenix, AZ, 85006
$ 795,000
Baths0.0

Monthly Estimate*

$ 4,895

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $795,000. This home was built in 1985.

All 2 Bedrooms presents a compelling value-add investment opportunity in a strong Phoenix rental submarket. The property features a mix of renovated and unrenovated units, allowing an investor to capture immediate upside through continued unit upgrades and rent optimization. Two units have been recently renovated, offering modernized interiors and setting a clear benchmark for future improvements. The remaining units provide a clear path for additional value creation through renovation and repositioning. The roof is +/-5 years old, and three AC units are +/- 3 years old, Unit #3 Just became Vacant for an opportunity to Renovate. With strong rental demand in Phoenix, proximity to employment centers, Downtown Phoenix and Freeways this asset is well-positioned for increased cash flow and long-term appreciation. All facts and figures are approximate, Buyer to verify to their own satisfaction.

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Multi-Family Active

Price

$ 795,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,724

Style

Multiple Dwellings

Year Built

1985

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6974630
Features
General
Sewer Public Sewer
Heating Heat Pump Electric
Cooling Electric Heat Pump Individual
Roof Composition
Zoning R-3
Construction Materials Wood Frame Stucco
Year Built 1985
Electric APS
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 51669.96
Community Features See Remarks
County Maricopa
Net Operating Income 39460.0
Operating Expense 12209.0
Insurance Expense 2000.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 1000.0
Subdivision Name BURROUGHS
Garage Y/N N
Status Active
Directions South on 12th St E on Culver Building is on the North Side of the Street.
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 8.0
Number Of Units Total 4
Carport Y/N N
Tax Annual Amount 1724.0
Electric Expense 0.0
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 3385.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Phoenix Elementary District
Tax Lot 20
Cap Rate 4.96
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features <1 Space Per Unit
Water Source City Franchise
Total Parking 8.0
Number of Buildings 2
Spa N
Lot Dimensions 49X150
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1318
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* Excluded Features
List By
Better Homes & Gardens Real Estate Sj Fowler

Broker

eric@azapartmentssold.com

Email

Affordability Calculator

$5,039
Per Month
97%
3%
0%
Monthly Principal & Interest
$4,895
Monthly Property Taxes
$144
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
1/26/2026 $795,000 Listed Price

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1318 E CULVER Street, Phoenix, AZ, 85006 is a Multi-Family Home for sale at $795,000. 1318 E CULVER Street is a studio with 0.0 baths and was built in 1985. The property's zip code is 85006 which is in Phoenix, AZ

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