UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Luke Field Homes 159-198 225-244
MLS Listing ID 7016981
Year Built 1957
Annual Tax Amount $1,142
Tax Year 2025
Lot Dimensions 122x80x67x13x62x39
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
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
Location
State AZ
County Maricopa
Community Luke Field Homes 159-198 225-244
Area Maricopa
Zoning [M-H]
Interior
Heating Forced Air, Window/Wall Unit(s), Electric
Cooling Ceiling Fan(s), Window/Wall Unit
Flooring Tile
Appliance Free-Standing Range
Exterior
Parking Features Off Street, RV Access/Parking, Free, 1 Space/Unit, <1 Space Per Unit, On Street, Boat
Community Features No Pool
Roof Type Composition,Rolled/Hot Mop
Private Pool No
Building
Sewer Septic in & Cnctd, Septic Tank
Water Private
New Construction No
Schools
Elementary Schools Dreaming Summit Elementary
Middle Schools Western Sky Middle School
High Schools Canyon View High School
School District Agua Fria Union High School District
Others
Senior Community No
Tax ID 501-13-091-D
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Disclosures None
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
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David Van Assche
Associate Broker - Team Leader | ND - BR692796000
Associate Broker - Team Leader ND - BR692796000