1318 E Culver St, Phoenix, AZ 85006 For Sale

4 On Culver at 1318 E Culver St, Phoenix, AZ 85006 offers a compelling value-add multifamily investment in the heart of Central Phoenix. This 4-unit apartment community features all two-bedroom units, appealing to a broad renter base seeking functional layouts in a strong urban infill location. Situated on a 7,500 SF parcel and surrounded by single-family homes, the property benefits from a neighborhood feel while remaining close to major Phoenix employment, dining, and lifestyle amenities. 3 Units have been Updated in the last 2 years, 8 parking spaces with a 2:1 parking ratio. Recent capital improvements include a roof and approximately 75% of the A/C units replaced within the last five years, helping reduce near-term maintenance exposure. With current NOI of $39,504 and pro forma NOI of $47,020, 4 On Culver presents an attractive opportunity to acquire a well-located Phoenix apartment property with in-place income and strong value-enhancement potential.