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1318 E Culver St
Phoenix, AZ 85006
4 on Culver · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Central Midtown Phoenix Location
- Individually metered for electricity
- 3 Renovated Units
- Strong Rental Market
- Residential Neighborhood
Executive Summary
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.
Property Facts
| Price Per Unit | $270,672 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.80% | Building Size | 2,484 SF |
| Gross Rent Multiplier | 14.45 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3 - R3 | ||
| Price Per Unit | $270,672 CAD |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 14.45 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,484 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2024 |
| Opportunity Zone |
Yes |
| Zoning | R3 - R3 |
Amenities
Site Amenities
- 24 Hour Access
Property Taxes
| Parcel Number | 116-22-140 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $17,245 CAD |
Property Taxes
Parcel Number
116-22-140
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$17,245 CAD
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