6249 N Litchfield Road, Litchfield Park, AZ 85340

$645,000
4
BD
4
BA

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List Price
$645,000
Status
ACTIVE
Days on Market
144
Price Change
▼ $50,000 1781339722
MLS#
7016981
Subtype
Multiple Dwellings
Year Built
1957
Bedrooms
4
Bathrooms
4
Subdivision
Luke Field Homes 159-198 225-244

Property Description

THIS IS A 4-PLEX apart of 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

Taxes
$1,142
Zoning
[M-H]
Appliances
Free-Standing Range
Heating
Electric, Window/Wall Unit(s), Forced Air
Air Conditioning
Window/Wall Unit, Ceiling Fan(s)
Exterior Construction
Block, Wood Frame, Painted
Parking Features
Open, 1 Space/Unit, <1 Space Per Unit, On Street, RV Access/Parking, Boat, Off Street
Elementary School
Dreaming Summit Elementary
Middle School
Western Sky Middle School
High School
Canyon View High School

Listing courtesy of My Home Group Real Estate.

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