$774,000
$766,500
1.0%For more information regarding the value of a property, please contact us for a free consultation.
1318 E CULVER Street Phoenix, AZ 85006
Key Details
Sold Price $774,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Burroughs
MLS Listing ID 6974630
Sold Date 08/10/26
Maintenance Fees $1,600
Year Built 1985
Annual Tax Amount $1,724
Tax Year 2025
Lot Dimensions 49X150
Source Arizona Regional Multiple Listing Service (ARMLS)
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 Three 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. 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.
Location
State AZ
County Maricopa
Community Burroughs
Area Maricopa
Zoning R-3
Direction South on 12th St, E on Culver, Building is on the North Side of the Street.
Interior
Heating Heat Pump, Electric
Cooling Electric, Heat Pump, Individual
Flooring Carpet
Appliance Refrigerator, Free-Standing Electric Oven
Exterior
Parking Features <1 Space Per Unit
Community Features See Remarks
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 116-22-140
Acceptable Financing Conventional
Disclosures None
Listing Terms Conventional
Financing FHA
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with FSR Realty






