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Listed by ABI Multifamily, LLC
$ 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 22608063
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-bedroom/9 bathroom group housing property located approximately one mile from the University of Arizona, specifically suited for fraternity, student organization, or other large-group living use. The property has historically operated as full-building housing for organized student groups and is configured to support that use.
The property is currently leased at $13,175/month under a full-building lease through July 2027, providing near-term income stability.. Originally constructed in 1948 and substantially rebuilt in 2012, the property includes updated electrical, plumbing, mechanical systems, and interior finishes. Additional improvements completed in 2019 include a renovated kitchen with a large island, updated flooring, outdoor common areas, and a pool.
The layout includes multiple common areas and shared amenities designed to accommodate large-group living and full-building occupancy.
Due to zoning and location, opportunities to acquire group housing of this scale in close proximity to the University of Arizona are limited.
Also marketed under a separate MLS listing (MLS #22604054).
The property is currently leased at $13,175/month under a full-building lease through July 2027, providing near-term income stability.. Originally constructed in 1948 and substantially rebuilt in 2012, the property includes updated electrical, plumbing, mechanical systems, and interior finishes. Additional improvements completed in 2019 include a renovated kitchen with a large island, updated flooring, outdoor common areas, and a pool.
The layout includes multiple common areas and shared amenities designed to accommodate large-group living and full-building occupancy.
Due to zoning and location, opportunities to acquire group housing of this scale in close proximity to the University of Arizona are limited.
Also marketed under a separate MLS listing (MLS #22604054).
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