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