819 N 1st Avenue, Tucson, 85719

Commercial - Apartment For Sale


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


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


Lot Description: 188 x 100
Construction: Masonry Stucco

Additional Information

Zoning: Tucson - HR3


$/SqFt: $253

Phil Lipman, Bright Properties.

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