6249 N LITCHFIELD Road, Litchfield Park, AZ 85340
Overview
Description
Supplements: ... (Read more) 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 Details MLS# 7016981
Location, Tax & Legal
- 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
- 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
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 122x80x67x13x62x39
- Year Built
- 1957
- Uncvrd Parking Spcs
- 8
- Total # of Units
- 4
- # of Buildings
- Yes
- Zoning
- [M-H]
- 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
Remarks Misc
- Cross Street
- Litchfield Road and Bethany Home
Legal Info
- Township
- 2N
- Range
- 1W
- Section
- 10
- Lot Number
- 211
Income Expenses
- Gross Annual Sch Inc
- 37200
- Net Operating Income
- 36000
More Information
Showing Notification Methods
- Showing Service
- Aligned Showings
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 900
- Avg SqFt
- 498
- # Baths
- Yes
Project Type
- Four Plex
- Yes
Construction
- Block
- Yes
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
- Rolled
- Yes
Floors
- Tile
- Yes
Sale Includes
- Land & Building
- Yes
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
Lockbox Type
- See Private Remarks
- Yes
Community Features
- No Pool
- Yes
Heating
- Forced Air
- Yes
- Electric
- Yes
- Window/Wall Unit(s)
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Window/Wall Unit
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
Appliances Included
- Free-Standing Range
- Yes
Road Surface Type
- Concrete
- Yes
- Dirt
- Yes
- Gravel
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- Private
- Yes
Sewer
- Septic Tank
- Yes
- Septic-In & Connected
- Yes
Parking Features
- Boat
- Yes
- Free
- Yes
- On Street
- Yes
- <1 Space Per Unit
- Yes
- 1 Space/Unit
- Yes
- RV Access/Parking
- Yes
- Off Street
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Trash Collection
- Yes
New Financing
- Cash
- Yes
- VA
- Yes
- Conventional
- Yes
- FHA
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
