4037 South 45TH Street Phoenix, AZ 85040

$159,000
2
Beds
1
Baths
0.02
Acres
924
SQFT
172
$/SQFT
$159,000
2
Beds
1
Baths
924   sf
$172 / sf
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active
1/5
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Rock-solid investment condo, owned by the same seller for over 12 years with zero missed rent payments in that entire span -- a rental track record that speaks for itself. This 2-bedroom, 1-bathroom, 924 SF unit is currently rented month-to-month at $1,300/month (slightly under market, with room to grow) to a long-term, reliable tenant. Recent updates include a new AC unit, upgraded flooring, and partial kitchen and bathroom improvements. HOA is $287/month. Appraised at $160,000 two months ago. Because the unit is tenant-occupied, there is no yard sign; buyers can evaluate the numbers, condition, and 12-year rent roll without disturbing the current tenant. A proven performer for an investor who values consistency over guesswork.

Rock-solid investment condo, owned by the same seller for over 12 years with zero missed rent payments in that entire span -- a rental track record that speaks for itself. This 2-bedroom, 1-bathroom, 924 SF unit is currently rented month-to-month at $1,300/month (slightly under market, with room to grow) to a long-term, reliable tenant. Recent updates include a new AC unit, upgraded flooring, and partial kitchen and bathroom improvements. HOA is $287/month. Appraised at $160,000 two months ago. Because the unit is tenant-occupied, there is no yard sign; buyers can evaluate the numbers, condition, and 12-year rent roll without disturbing the current tenant. A proven performer for an investor who values consistency over guesswork.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Maricopa
  • Area
    Phoenix
  • HOA Dues
    $287/mo
  • Tax Amount
    $294
  • Status
    Active
  • Listing #
    7062907
  • Built
    1973
  • Lot Size
    0.02
  • Listed on site
    100 days
  • Monthly Condo Fee
    $287
  • Listing Agent Id
    tm501
  • Listing Brokerage
    Manara Properties, LLC
  • Attribution Contact

Listed by:
Manara Properties, LLC

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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Community Features

  • Community Pool
  • Has HOA

Exterior features

  • No Pool

Style

  • Contemporary
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