Phoenix, AZ 85040
HALLCRAFT VILLAS EAST 4
$159,000
Listing courtesy ofManara Properties, LLC — Tricia Manara · 480-273-6884
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.
Contemporary · 2 stories · Built 1973
Laminate Counters · Carpet flooring · Tile flooring · Wshr/Dry HookUp Only laundry
Refrigerator · Dishwasher · Electric Range · Built-In Electric Oven
Private Yard · None
Assigned
Hallcraft Villas 4 HOA
Stucco · Wood Frame · Painted · Block fencing · Gravel/Stone Front · Gravel/Stone Back
Heat Pump heating · Central Air cooling
Carry cost at today’s rate, including taxes, insurance, and HOA.
$1,204
Estimate only · Insurance modeled at 0.35% of value annually · Verify all costs with your lender.