819 N 1st Avenue, Tucson, 85719

Commercial - Apartment For Sale

$5,500,000

Beds
Baths
21,722Sqft
.42Acres
1971Built
MLS® #: 21825168
Active Contingent

This is a rare once in a lifetime opportunity to own prime property directly next to a major university, which is turnkey and does not need renovation. Superb existing financing must be assumed by Buyer. FNMA loan: $3,000,000 @3.99% 10 year stop (from 12/17). Non-recourse AND Assumable! Major capital improvements have been done including all new windows, HVAC units, water heater, exterior paint and trim, landscaping & security cameras. 20 ''A'' units have granite, hardwood, mirrored doors on closets and dishwashers. Six units have upgraded flooring and B-level cosmetics. 15 ''B'' units feature tasteful carpeting in bedroom and living area and tile or VCT in baths and kitchen. All units have modern, tasteful cosmetics. B units are easily & inexpensively converted to ''A'' units. Owner/Agent

Essential Information

MLS® #: 21825168
Price: $5,500,000
Square Footage: 21,722
Square Footage: Assessor
Acres: 0.42
Year Built: 1971
Type: Commercial
Sub-Type: Apartment
Status: Active Contingent

Community Information

Address: 819 N 1st Avenue
Area: Central
City: Tucson
County: Pima
State: AZ
Zip Code: 85719

Interior

Heating: Forced Air - Elec
Cooling: Central, Ceiling Fans

Exterior

Lot Description: 188 x 100
Construction: Masonry Stucco

Additional Information

Zoning: Tucson - HR3

Financials

$/SqFt: $253

Phil Lipman, Bright Properties.

Tucson Association of Realtors LogoThe information being provided by the Tucson Association of REALTORS® exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. The content relating to real estate for sale on this web site comes in part from the IDX program of the Tucson Association of REALTORS® Multiple Listing Service®. Real estate listings held by brokerage firms other than Realty Executives Tucson Elite are marked with the TARMLS IDX logo and detailed information about those listings includes the name of the listing brokerage. Copyright 2017 Tucson Association of REALTORS® Multiple Listing Service. All rights reserved.