1318 E Culver St Phoenix, AZ 85006
Coronado NeighborhoodEstimated payment $4,201/month
About This Home
*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. flow and long-term appreciation. All facts and figures are approximate, Buyer to verify to their own satisfaction.
Listing Agent
Better Homes & Gardens Real Estate SJ Fowler License #SA650759000 Listed on: 01/26/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,724
Year Built
- Built in 1985
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Utilities
- Cooling Available
- Air Source Heat Pump
- Natural Gas Not Available
Listing and Financial Details
- The owner pays for water, sewer, trash collection, landscaping
- Tax Lot 20
- Assessor Parcel Number 116-22-140
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 49X150
- Burroughs Subdivision
Building Details
- Operating Expense $9,109
- Gross Income $55,872
- Net Operating Income $46,763
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,724 | $12,139 | -- | -- |
| 2024 | $1,608 | $11,561 | -- | -- |
| 2023 | $1,608 | $46,720 | $9,340 | $37,380 |
| 2022 | $1,550 | $32,620 | $6,520 | $26,100 |
| 2021 | $1,539 | $27,120 | $5,420 | $21,700 |
| 2020 | $1,557 | $25,400 | $5,080 | $20,320 |
| 2019 | $1,554 | $18,970 | $3,790 | $15,180 |
| 2018 | $1,528 | $13,820 | $2,760 | $11,060 |
| 2017 | $1,492 | $13,920 | $2,780 | $11,140 |
| 2016 | $1,449 | $11,580 | $2,310 | $9,270 |
| 2015 | $1,341 | $10,980 | $2,190 | $8,790 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/20/2026 04/20/26 | Price Changed | $770,500 | -0.1% | -- |
| 04/13/2026 04/13/26 | Price Changed | $771,000 | -0.1% | -- |
| 04/06/2026 04/06/26 | Price Changed | $771,500 | -0.1% | -- |
| 03/30/2026 03/30/26 | Price Changed | $772,000 | -0.1% | -- |
| 03/23/2026 03/23/26 | Price Changed | $772,500 | -0.1% | -- |
| 03/19/2026 03/19/26 | Price Changed | $773,000 | -0.1% | -- |
| 03/09/2026 03/09/26 | Price Changed | $773,500 | -0.1% | -- |
| 03/02/2026 03/02/26 | Price Changed | $774,000 | -0.1% | -- |
| 02/23/2026 02/23/26 | Price Changed | $774,500 | -0.1% | -- |
| 02/02/2026 02/02/26 | Price Changed | $775,000 | -2.5% | -- |
| 01/26/2026 01/26/26 | For Sale | $795,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Accommodation/Courtesy Recordi | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | American Title Service Agenc | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $282,900 | -- | |
| Cash Sale Deed | $115,000 | Transnation Title | |
| Warranty Deed | $75,000 | Fidelity Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $118,000 | New Conventional | |
| Previous Owner | $240,000 | Purchase Money Mortgage | |
| Previous Owner | $50,000 | Seller Take Back | |
| Closed | $30,000 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6974630
APN: 116-22-140
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.