$795,000
Litchfield Park, AZ 85340
MLS# 7016981
1 / 11
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)
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $795,000
List Price: $795,000
Status: Active
List Date: 2026-04-20
Location, Tax & Legal
Assessor's Map #: 13
Legal Description (Abbrev): LUKE FIELD HOMES MCR 60-13 PT LT 211 & PT SW4 SEC 10 DAF COM AT SW COR SEC 10 TH N 1606.68F TH S 88D
Assessor's Parcel #: 91
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 61046
Taxes: 1142
Legal: LUKE FIELD HOMES MCR 60-13 PT LT 211 & PT SW4 SEC 10 DAF COM AT SW COR SEC 10 TH N 1606.68F TH S 88D
Marketing Name: Litchfield Apartments
House Number: 6249
Compass: N
Street Name: LITCHFIELD
St Suffix: Road
City/Town Code: Litchfield Park
State/Province: AZ
Zip Code: 85340
Zip4: 4013
County Code: Maricopa
Subdivision: LUKE FIELD HOMES 159-198 225-244
Assessor Number: 501-13-091-D
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 122x80x67x13x62x39
Total # of Units: 4
Elementary School District: Litchfield Elementary District
High School District: Agua Fria Union High School District
Elementary School: Dreaming Summit Elementary
Jr. High School: Western Sky Middle School
High School: Canyon View High School
Year Built: 1957
Zoning: [M-H]
Legal Info
Range: 1W
Section: 10
Township: 2N
Lot Number: 211
Project Type
Four Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Rolled: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Trash Exp: 1200
Annual Wtr/Swr Exp: 1200
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3542
Other Income: 0
Vacancy Allowance: 0.2
Adjusted Gross Inc: 29760
Pmt & Rate Info
Cap Rate: 4.53
Equity: 795000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Heating
Forced Air: 1
Electric: 1
Window/Wall Unit(s): 1
Cooling
Ceiling Fan(s): 1
Window/Wall Unit: 1
Exterior Amenities
Desert Landscaping: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Free-Standing Range: 1
Road Surface Type
Concrete: 1
Dirt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
Private: 1
Sewer
Septic Tank: 1
Septic-In & Connected: 1
Parking Features
Boat: 1
Free: 1
On Street: 1
<1 Space Per Unit: 1
1 Space/Unit: 1
RV Access/Parking: 1
Off Street: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 900
Avg SqFt: 498
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Litchfield Road and Bethany Home
Geo Lat: 33.527009
Geo Lon: -112.357817
Income Expenses
Gross Annual Sch Inc: 37200
Net Operating Income: 36000
Property Features
Project Type: Four Plex
Construction: Block; Wood Frame
Const - Finish: Painted
Roofing: Composition; Rolled
Floors: Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Appliances Included: Free-Standing Range
Heating: Forced Air; Window/Wall Unit(s)
Cooling: Ceiling Fan(s); Window/Wall Unit
Water Source: Private
Sewer: Septic Tank; Septic-In & Connected
Electric: APS
Gas: SW Gas
Parking Features: Boat; On Street; <1 Space Per Unit; 1 Space/Unit; RV Access/Parking; Free; Off Street
Road Surface Type: Gravel; Dirt; Concrete
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Lockbox Type: See Private Remarks
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Supplements
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
Listing Office: My Home Group Real Estate
Last Updated: April - 21 - 2026
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