Log In/Sign Up
Your email has been sent.
1414 N 1st Ave - Steel Village 5,118 SF Health Care Building Offered at $2,187,280 CAD in Tucson, AZ 85719
Investment Highlights
- 17-Bed / 9-Bath Shared Student Housing Property
- Master Lease in Place Through July 2027
- Significant Capital Improvements Completed in 2019
- Located Approximately 1 Mile from the University of Arizona
- Originally Built 1948 | Substantially Rebuilt & Repurposed in 2012
- Outdoor Amenities Including Cocktail Pool & Shaded Common Areas
Executive Summary
Steel Village is a 17-bed, 9-bath student housing property located in central Tucson, approximately one mile from the University of Arizona. The property is operated under a master lease structure and benefits from in-place lease coverage through July 2027, providing near-term income certainty.
Originally constructed in 1948, the property was substantially rebuilt and repurposed in 2012, including new electrical, plumbing, and interior systems. In 2019, the current owner completed additional upgrades, including a cocktail pool, outdoor common areas, an updated kitchen and finishes, and in-house laundry.
Steel Village has demonstrated consistent tenant demand historically and is currently leased under a master lease to a student group. While not traditional multifamily, the asset offers a compelling opportunity for an investor seeking stable cash flow, simplified operations, and long-term capital preservation in a supply-constrained student housing submarket.
The property is offered all cash or new loan.
Detailed financials, lease documents, and supporting materials are available in the document vault: https://www.abimultifamily.com/?a=07FF55BCB52A145573&/steel-village-student-housing
Originally constructed in 1948, the property was substantially rebuilt and repurposed in 2012, including new electrical, plumbing, and interior systems. In 2019, the current owner completed additional upgrades, including a cocktail pool, outdoor common areas, an updated kitchen and finishes, and in-house laundry.
Steel Village has demonstrated consistent tenant demand historically and is currently leased under a master lease to a student group. While not traditional multifamily, the asset offers a compelling opportunity for an investor seeking stable cash flow, simplified operations, and long-term capital preservation in a supply-constrained student housing submarket.
The property is offered all cash or new loan.
Detailed financials, lease documents, and supporting materials are available in the document vault: https://www.abimultifamily.com/?a=07FF55BCB52A145573&/steel-village-student-housing
Property Facts
| Price | $2,187,280 CAD | Building Size | 5,000 SF |
| Price Per Bed | $128,664 CAD | No. Beds | 17 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Health Care | Year Built/Renovated | 1948/2012 |
| Property Subtype | Assisted Living | Parking Ratio | 1.8/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | C1 | ||
| Price | $2,187,280 CAD |
| Price Per Bed | $128,664 CAD |
| Sale Type | Investment |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Lot Size | 0.19 AC |
| Building Size | 5,000 SF |
| No. Beds | 17 |
| No. Stories | 1 |
| Year Built/Renovated | 1948/2012 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | C1 |
1 1
Bike Score®
Biker's Paradise (97)
Property Taxes
| Parcel Number | 123-15-1110 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $68,325 CAD |
Property Taxes
Parcel Number
123-15-1110
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$68,325 CAD
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1414 N 1st Ave - Steel Village
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.