4003 S 45TH Street, Phoenix, AZ 85040, Phoenix, 85040 - 3 bed, 1 bath
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Phoenix, AZ 85040
This Value-Add Townhouse Asset presents a Prime Investment Opportunity with a List Price of $165,000—positioned well below the $236,581 Fair Market Value by 30%. This valuation gap secures $71,581 in Instant Equity. Currently holding a Condition Rating of 4, the property offers immediate cash flow at $1,300/month with long-term lease stability. Located near Sky Harbor Airport and ASU, the asset benefits from high rental demand and proximity to Tempe High School. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4003 S 45TH Street Subject | $165,000* List Price | 3 | 1 | 1,008 | $235 | - |
A 4608 E RIVERSIDE Street Sold | $180,000 | 3 | 1 | 1,008 | $179 | 0.1 mi |
B 4608 E RIVERSIDE Street Sold | $180,000 | 3 | 1 | 1,008 | $179 | 0.1 mi |
C 4523 E WOOD Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.2 mi |
D 4523 E WOOD Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.2 mi |
E 4523 E Wood Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.2 mi |
F 4510 E WOOD Street Sold | $170,000 | 3 | 1 | 1,008 | $169 | 0.1 mi |
G 4224 S 46TH Place Active | $180,000 List Price | 2 | 1 | 924 | $195 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this property is functional and currently tenant-occupied, but it shows clear signs of age and is marketed as a 'value-add' opportunity. While the flooring has been updated with tile and luxury vinyl plank, the kitchen and bathroom remain dated with basic cabinetry, older appliances, and standard fixtures. The property requires modernization to meet current market standards, fitting the criteria for a well-maintained but outdated home.
The property offers a stable investment with a tenant in place through September 2026, generating $1,300 per month in consistent rental income from day one.
Situated near Sky Harbor Airport, ASU, and major freeways, the property is positioned in a high-demand area for commuters and students, supporting long-term occupancy.
Featuring tile flooring on the main level and luxury vinyl plank upstairs, the interior is designed for durability and low maintenance, which is ideal for a rental or starter home.
With three bedrooms but only one bathroom, the layout may be less appealing to larger families and could limit future resale value compared to homes with multiple baths.
Built in 1973 and marketed as a value-add opportunity, the property may require significant capital investment for modernization or repairs to reach its full market potential.
Value-add investment opportunity with immediate income and long-term lease in place or an affordable starter. Tenant-occupied 3BR, 1BA home leased through 9/30/2026 at $1,300/month, providing consistent cash flow from day one. ***TENANT Occupied but CAN BE VACANT at close***Interior features tile flooring on the main level and dark LVP throughout the upstairs, offering durability and broad tenant appeal. The functional 1,008 sqft layout and strong Phoenix location near Sky Harbor, ASU plus major freeways and employment centers which support long-term demand. Additional upside potential exists through future improvements and rent growth. Tenant rights apply. Do not disturb tenant.
No exterior & parking available.
Grades PK-5 • 1.4 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 56% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,008 | 1,008 | 50% |
| Lot Size | 888 | 962 | 44% |
| Price | $165.0K | $152.5K | 56% |
| Price per sq ft | $164 | $154 | 50% |
| Built year | 1973 | 1973 | 50% |
| HOA | $286 | $180 | 89% |
| Days on market | 62 | 551 | 6% |
Feb 23, 2026
$165,000
Initial Listing