$769,000
Phoenix, AZ 85006
MLS# 6974630
1 / 26
Property 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.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $769,000
List Price: $769,000
Status: Active
List Date: 2026-01-26
Location, Tax & Legal
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
House Number: 1318
Compass: E
Street Name: CULVER
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 2818
Country: US
County Code: Maricopa
Subdivision: BURROUGHS
Assessor Number: 116-22-140
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 49X150
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1985
Zoning: R-3
Legal Info
Range: 3E
Section: 4
Township: 1N
Lot Number: 20
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Laminate: 1
Tile: 1
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
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
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
See Remarks: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Electric: 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Other (See Remarks): 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Appliances Included
Free-Standing Electric Oven: 1
Refrigerator: 1
Road Access Type
Alley: 1
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
<1 Space Per Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1200
Avg SqFt: 621
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
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.
Geo Lat: 33.462871
Geo Lon: -112.053377
Income Expenses
Gross Annual Sch Inc: 57600
Net Operating Income: 46763
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
Supplements
flow and long-term appreciation. All facts and figures are approximate, Buyer to verify to their own satisfaction.
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: May - 11 - 2026
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