4037 S 45TH Street, Phoenix, AZ 85040 (MLS# 7062907)

4037 S 45TH Street, Phoenix, AZ 85040

$159,000
Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 924 Lot Size (sq. ft.): 814 Status: Active
Current Price: $159,000 Last Modified: 9/09/2026

Overview

Description

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.

Listing Details MLS# 7062907

Location, Tax & Legal

House Number
4037
Compass
S
Street Name
45TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85040
Zip4
9215
Country
US
County Code
Maricopa
Assessor Number
124-55-341
Subdivision
HALLCRAFT VILLAS EAST 4
Tax Year
2025

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Townhouse
Dwelling Styles
Attached
Exterior Stories
2
# of Interior Levels
2
# Bedrooms
2
Full Bathrooms
Yes
Total Bathrooms
Yes
Approx SQFT
924
Price/SqFt
172.08
Horses
N
Builder Name
unknown
Year Built
1973
Lead Based Hazard Disclosure
Yes
Approx Lot SqFt
814
Approx Lot Acres
0.019
Community Pool Y/N
Yes
Private Pool Y/N
No
Fireplace YN
No
Planned Comm Name
Hallcraft Villas 4
Elementary School District
Tempe School District
High School District
Tempe Union High School District
Elementary School
Holdeman Elementary School
Jr. High School
Geneva Epps Mosley Middle School
High School
Tempe High School

Remarks Misc

Cross Street
48th St and Broadway

Legal Info

Township
1N
Range
4E
Section
19
Lot Number
340

Basement

Basement Y/N
N

More Information

Items Updated

Ht/Cool Yr Updated
2026
Ht/Cool Partial/Full
Full

Showing Notification Methods

Showing Service
No Showing Service Used

DPR Eligible

DPR Eligible
Yes

Property Features

Special Listing Cond: N/A Add'l Property Use: None Architecture: Contemporary Master Bathroom: None Flooring: Carpet; Tile Community Pool Features: Fenced; Outdoor Spa: None Dining Area: Dining in LR/GR Kitchen Features: Built-In Electric Oven; Electric Range; Dishwasher; Refrigerator; Laminate Counters Laundry: Washer Hookup; 220 V Dryer Hookup Foundation Details: Block Other Rooms: Great Room Technology: Cable TV Avail Exterior Features: Patio; Pvt Yrd(s)/Crtyrd(s) Parking Features: Assigned Parking Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up Cooling: Central Air Heating: Heat Pump Utilities: SRP Water Source: City Water Irrigation: None Sewer: Sewer - Public Services: City Services Fencing: Block Landscaping: Gravel/Stone Front; Gravel/Stone Back Showing Notification Methods: Text; Email Lockbox Type: None Possession: Close of Escrow; Subject To Tenant Rights Unit Style: Two Levels Association Fee Incl: Exterior Mnt of Unit; Blanket Ins Policy; Common Area Maint Existing 1st Loan: Conventional Existing 1st Loan Terms: Non Assumable New Financing: Cash; Conventional Disclosures: Seller Discl Avail
IDX
Listing Office: Manara Properties, LLC
Last Updated: September - 09 - 2026
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