Courtesy of Manara Properties, LLC
Property Description
Priced at $159,000 and just appraised at $160,000, this 2-bed, 1-bath condo at 4037 S 45th St in Phoenix is a turnkey investment property with tenants already in place. The unit is 924 sqft and comes with upgraded flooring, a new AC unit, and partial upgrades to the kitchen and bathroom. HOA runs $287 a month. Great long term tenants are on a month to month lease paying $1,300 a month, a bit under market rent, so there is room to grow that number down the road. Because tenants live in the unit, there is no sign on the property . Buyers can move forward on numbers, condition, and rent roll without disrupting the current renters. This is a solid pickup for an investor who wants income from day one.
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Property Details and Features
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Appliances & Equipment
- Refrigerator
- Dishwasher
- Electric Range
- Built-In Electric Oven
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Bathrooms
- 1 total bathroom
- 1 full bathroom
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Bedrooms
- 2 total bedrooms
- 2 possible bedrooms
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Building
- Built in 1973
- Living area: 924.0
- 2 stories
- Construction Materials: Stucco, Wood Frame, Painted
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Community
- Pool
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Cooling
- Central Air
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Disclosures
- Seller Discl Avail
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Exterior Features
- Patio/Porch Features: Patio
- Private Yard
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Fence
- Block
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Floors
- Carpet
- Tile
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Foundation
- Block
-
Heating
- Heat Pump
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Home Owner’s Association
- Association Fee: $287
- Fee Frequency: Monthly
- Fee Includes: Insurance, Maintenance Grounds, Maintenance Exterior
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Interior Features
- Laminate Counters
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Laundry
- Wshr/Dry HookUp Only
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Listing
- Listing ID: 7062907
- Standard Status: Active
- MLS Status: Active
- Property Subtype: Townhouse
- 32 days on market
- Special Conditions: N/A
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Location
- Subdivision: HALLCRAFT VILLAS EAST 4
- County/Parish: Maricopa
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Lot
- 0.02 acres
- Gravel/Stone Front
- Gravel/Stone Back
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Parking
- Assigned
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Possession
- Close Of Escrow
- Subject To Tenant Rights
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Roof
- Built-Up
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Schools
- Elementary School: Holdeman Elementary School
- Elementary School District: Tempe School District
- Middle School: Geneva Epps Mosley Middle School
- High School: Tempe High School
- High School District: Tempe Union High School District
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Sewer
- Public Sewer
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Taxes
- Parcel Number: 124-55-341
- Public Survey Range: 4E
- Public Survey Section: 19
- Annual Amount: $294
- Tax Book Number: 124.00
- Legal Description: LOT 340 HALLCRAFT VILLAS EAST 4 MCR 014932
- Lot: 340
- Map Number: 55.00
- Year: 2025
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Utilities
- Water Source: City Water
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This content last updated on September 6, 2026 1:01PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.