6249 N Litchfield Road, Litchfield Park, AZ 85340
- $645,000
- List Price
- $645,000
- Price Change
- ▼ $50,000 1781339722
- Days on Market
- 98
- Status
- ACTIVE
- MLS#
- 7016981
- City
- Litchfield Park
- Subdivision
- Luke Field Homes 159-198 225-244
- Year Built
- 1957
Property Description
6-Unit Portfolio Opportunity (4-Plex + Duplex) | Tesla Corridor | Luke AFB | Potential $76,800+ Income Turnkey multi-family opportunity in one of the fastest-growing areas of the West Valley Turnkey multi-family opportunity in one of the West Valley's fastest-growing corridors. This 4-unit property delivers immediate income with long-term upside, positioned directly across from the Tesla Collision Center and minutes from Luke Air Force Base. Investment Highlights: Potential $43,200 Annual Gross Income $900/month per unit 5.4% Cap Rate. Strong, consistent rental demand (military + workforce housing) Location Strength: Direct frontage near Luke AFB (stable tenant base) High visibility along Litchfield Road Across from Tesla Collision Center (employment-driven demand) Rapidly expanding commercial and industrial growth corridor Property Features: Single-story 4-plex with private entrances Large lot with ample off-street parking Expansive rear/common area with utility access (visible in photos) Low-maintenance desert landscaping Solid block construction Functional layouts with upside through cosmetic upgrades Value-Add Potential: Below-market rents ' opportunity to increase income Space for improved tenant amenities (outdoor seating, storage, etc.) Strong candidate for long-term hold or portfolio expansion Income Upside Analysis (Pro Forma): Current: * $900 × 4 units = $3,600/month * Annual = $43,200 Scenario 1 - Moderate Increase ($1,050/unit): * $1,050 × 4 = $4,200/month * Annual = $50,400 * + $7,200/year increase Scenario 2 - Market Alignment ($1,200/unit): * $1,200 × 4 = $4,800/month * Annual = $57,600 * + $14,400/year increase
Additional Information
- Elementary School
- Dreaming Summit Elementary
- High School
- Canyon View High School
- Middle School
- Western Sky Middle School
- Community Features
- No Pool
- Construction
- Block, Wood Frame, Painted
- Cooling
- Window/Wall Unit, Ceiling Fan(s)
- Electric
- APS
- Heating
- Electric, Window/Wall Unit(s), Forced Air
- New Financing
- VA Loan, FHA, Conventional, 1031 Exchange, Cash
- Parking Features
- Open, 1 Space/Unit, <1 Space Per Unit, On Street, RV Access/Parking, Boat, Off Street
- Roofing
- Composition, Rolled/Hot Mop
- Sewer
- Septic in & Cnctd
- Subdivision
- Luke Field Homes 159-198 225-244
- Taxes
- $1,142
- Tax Year
- 2025
- Tenant Pays
- Electricity, Gas
- Units
- 4
- Water
- Private
- Zoning
- [M-H]
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Listing courtesy of My Home Group Real Estate.
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