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Listed by ABI Multifamily, LLC • Desiree Juul Palmer
$ 1,600,000
Est. payment /mo
Active
1412-1414 N 1st Ave Tucson, AZ 85719
5,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $320
MLS Listing ID 22604054
Year Built 1948
Annual Tax Amount $6,296
Tax Year 2025
Lot Size 196 Sqft
Acres 0.19
Lot Dimensions 81 x 100.4
Source MLS of Southern Arizona
Property Description
Steel Village is a 17-bed, 9-bath shared student housing property located in Central Tucson within the University Homes Addition, approximately one mile from the University of Arizona. The property is operated under a master lease with an in-place lease through July 2027, providing near-term income stability.
Originally constructed in 1948, the property was substantially rebuilt and repurposed in 2012 with new electrical, plumbing, and interior systems. In 2019, the owner completed significant capital improvements, including interior upgrades and enhanced outdoor common areas with a cocktail pool and gathering spaces. On-site laundry included.
Ideal for an investor seeking simplified operations and predictable income. Originally constructed in 1948, the property was substantially rebuilt and repurposed in 2012 with new electrical, plumbing, and interior systems. In 2019, the owner completed significant capital improvements, including interior upgrades and enhanced outdoor common areas with a cocktail pool and gathering spaces. On-site laundry included. Well-suited for fraternity, student organization, or group housing use, as well as investors seeking a simplified, master-leased asset.
Also marketed under a separate MLS listing (MLS #22608063).
Originally constructed in 1948, the property was substantially rebuilt and repurposed in 2012 with new electrical, plumbing, and interior systems. In 2019, the owner completed significant capital improvements, including interior upgrades and enhanced outdoor common areas with a cocktail pool and gathering spaces. On-site laundry included.
Ideal for an investor seeking simplified operations and predictable income. Originally constructed in 1948, the property was substantially rebuilt and repurposed in 2012 with new electrical, plumbing, and interior systems. In 2019, the owner completed significant capital improvements, including interior upgrades and enhanced outdoor common areas with a cocktail pool and gathering spaces. On-site laundry included. Well-suited for fraternity, student organization, or group housing use, as well as investors seeking a simplified, master-leased asset.
Also marketed under a separate MLS listing (MLS #22608063).
Location
State AZ
County Pima
Area Central
Zoning Tucson - C1
Direction From Speedway and Euclid. North on Euclid. West (L)onto Drachman. North (R) onto 1st, to second property on East (R) side of street.
Interior
Heating Heating Electric
Cooling Zoned
Exterior
Utilities Available Sewer Connected
View Y/N No
Others
Tax ID 123-15-1110
Nearby Locations
Phoebe Bigelow
REALTOR® | Associate Broker | License ID: BR691729000
+1(303) 656-5950 | phoebe@embarcrealty.com