$795,000
Phoenix, AZ 85006
MLS# 6974630
1 / 26
Property Description
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
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $795,000
List Price: $795,000
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
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: 2000
Annual Land Lse Exp: 0
Annual Landscape Exp: 600
Annual Legal & Acctg: 0
Annual Maint Exp: 1000
Annual Mgmt Exp: 3500
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: 12209
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 51669.96
Pmt & Rate Info
Cap Rate: 4.96
Equity: 795000
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
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: 2
Avg Rent: 1100
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: 53268
Net Operating Income: 39460
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; 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: January - 26 - 2026
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