1414 N 1st Ave - Steel Village 1 Unit Apartment Building Offered at $1,600,000 Tucson, AZ 85719

Steel Village is a 17-bedroom / 9-bathroom group housing property located approximately one mile from the University of Arizona, historically used for full-building occupancy by organized student groups, including fraternity housing. The property is configured to support large-group living and similar use going forward.
The property is currently leased at $13,175/month under a full-building lease through July 2027, providing near-term income stability and simplified operations. 2026 income reflects a blend of prior and current lease terms.
Originally constructed in 1948, the property was substantially rebuilt and repurposed in 2012, including updates to electrical, plumbing, mechanical systems, and interior finishes. In 2019, the owner completed significant capital improvements, including a renovated kitchen with a large island, updated flooring, and enhanced outdoor common areas with a pool and gathering spaces. On-site laundry is included.
The layout includes multiple common areas and shared amenities designed to accommodate full-building occupancy and large-group living.
Due to zoning and location, opportunities to acquire group housing of this scale in close proximity to the University of Arizona are limited.
The property is offered all cash or with new financing.
Detailed financials, lease documents, and supporting materials are available in the document vault:
https://www.abimultifamily.com/?a=07FF55BCB52A145573&/steel-village-student-housing