$182,000
18416 N Cave Creek Road 1003
Phoenix, Arizona 85032
1
1
720
Single Family · For Sale
4037 S 45th Street
Phoenix, Arizona 85040
$159,000
Bedrooms
2
Bathrooms
1
Sq Ft
924
Year Built
1973
About this home
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.
Where this home sits
What would my payment be?
Pre-filled with current rates and local property tax — adjust any field to see your actual monthly cost.
Estimated monthly payment
$1,020/mo
- Principal & interest
- $846
- Property tax
- $82
- Insurance
- $92
Estimate only — actual payment depends on credit, lender, and taxes/insurance verified at close. Not a loan offer.
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Listing data provided by Arizona Regional Multiple Listing Service (ARMLS). IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified.