$2,200,000
98-82 W CULVER Street
Phoenix, AZ 85003
MLS# 6150856



98-82 W CULVER Street, Phoenix, AZ 85003
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98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003 98-82 W CULVER Street, Phoenix, AZ 85003

Property Description
Location, location, location! In the Roosevelt District across from Margaret T. Hance Park. This offering includes 11 units over 4 buildings. Offered individually for sale or as part of an assemblage (MLS 6132909). Seller Financing may be available with at least 20% down; 4% interest-only; & a 2 year term or less with balloon. Operating at a 4 CAP +/- with some recent rent increases. However, rents are still well-below market. Value-Add opportunity in one of the hottest areas in all of Phoenix! See New Offering Memorandum in Documents section. Offered individually for sale or as part of an assemblage (MLS 6132909). Buyer to complete/rely on own due diligence. Some expenses estimated. No not bother tenants. Unit showing possible.

Details
Maps
Documents
Contract Info
Current Price: $2,200,000
List Price: $2,200,000
Status: Active
List Date: 2020-10-22
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: P34
House Number: 98-82
Compass: W
Street Name: CULVER
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 1276
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 21 BLOUNT ADDITION MCR 001002
Subdivision: BLOUNT ADDITION
Assessor's Map #: 33
Assessor's Parcel #: 23
Add'l Parcels: Yes
Assessor Number: 111-33-023
Legal: LOT 21 BLOUNT ADDITION MCR 001002
Census Tract: 113000
Tax Municipality: Phoenix
Taxes: 8491
Tax Year: 2020
Marketing Name: Culver 11 @ Hance Park
General Property Description
Apx Lot Size Range: T.B.V.
Year Built: 1948
Uncvrd Parking Spcs: 12
Total # of Units: 11
# of Buildings: 4
Zoning: M-H
Elem School Dist #: 001 - Phoenix Elementary District
High School Dist #: 210 - Phoenix Union High School District
Remarks & Misc
Cross Street: Central Avenue & McDowell
Directions: Roosevelt Historic District, across the street f/ Margaret T. Hance Park. Culver can be accessed from 3rd Ave or Central. 4 buildings-11 units. Note there is a separately owned single-family between.
Geo Lat: 33.462877
Geo Lon: -112.078019
Status Change Info
Status Change Date: 2020-10-23
Legal Info
Township: 1N
Range: 3E
Section: 5
Lot Number: 21
Income & Expenses
Owner Association: No
Operating Exp: 8491
Pmt & Rate Info
Equity: 2200000
Showing Instructions
To Schedule Showing: Contact Via Text
Primary Showing Contact: Listing Agent
ARMLS Lockbox: No
Efficiency Units
# Efficiency Units: 1
Avg Rent: 750
Avg SqFt: 458
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 7
Avg Rent: 864.29
Avg SqFt: 596
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 988.33
Avg SqFt: 738
# Baths: 1
Contact Info
List Agent Cell Phn: 602-672-3526
Property Features
Project Type: 5 - 12 Units
Other Type: Packaged Offering; Other (See Remarks)
Construction: Brick
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building; Other (See Remarks)
Community Amenities: No Pool
Exterior Amenities: Green Landscaping; Desert Landscaping; Other (See Remarks)
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Window/Wall Unit(s)
Cooling: Evaporative
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Street Parking; 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas
Source of Fincl Data: Provided by Owner; Projected Proforma; Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: None
Environmental: None

Listing Office: S. J. Fowler Real Estate Inc.

Last Updated: January - 27 - 2021

98-82 W CULVER Street, Phoenix, AZ 85003 - MLS# 6150856

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Saturday 27th of February 2021 09:03 PM