Richard La Rue - Designated Broker
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.
Open House
Property Details and Features
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Appliances & Equipment
- “Refrigerator”
- “Dishwasher”
- “Electric Range”
- “Built-In Electric Oven”
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Bathrooms
- 1 full bathroom
- 1 total bathroom
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Bedrooms
- 2 total bedrooms
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Building
- Built in 1973
- Architectural style: “Contemporary”
- Living area: 924
- Construction materials: “Stucco”, “Wood Frame”, “Painted”
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Cooling
- “Central Air”
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Exterior Features
- “Private Yard”
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Fence
- “Block”
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Floors
- “Carpet”
- “Tile”
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Foundation
- Details: “Block”
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Heating
- “Heat Pump”
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Home Owner’s Association
- Association fee: $287
- Association fee frequency: Monthly
- Association 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
- 28 days on market
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Location
- Subdivision name: HALLCRAFT VILLAS EAST 4
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Lot
- 0.02 acres
- 814 sqft
- “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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Property
- Patio and porch features: “Patio”
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Roof
- “Built-Up”
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Schools
- Elementary school: Holdeman Elementary 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
- Annual amount: $294
- Lot: 340
Property Map
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This content last updated on September 3, 2026 9:44AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
