1412-1414 N 1st Avenue

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).