1318 E Culver St
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $769,500 |
| No. of Units: | 4 |
| Year Built: | 1985 |
| Lot Size: | 0.17 Acres |
| Opportunity Zone: | No |
| Price per unit: | $192,375 |
| Property Website | Click Here |
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