Last Updated on July 21, 2020 by Kim Labriola
We help a lot of parents purchase homes for their students studying at University of Arizona. Consistently we hear from our clients that they want something within 1-2 miles of campus. Often times they like the idea of a condo for the ease of maintenance, nice amenities, and affordability. the condos at 55 N Cherry Ave meets all of these needs.
There are 3 condo communities that are popular with students and within walking distance to University of Arizona. I’ve written about Campus Walk and Sam Hughes Place previously. Now let’s look at 55 N Cherry Ave.
55 N Cherry Ave Condos for Sale
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About 55 N Cherry Ave Condos
55 N Cherry Ave., also known as 10th Street Condos, was built in 1964 as apartments. The property underwent extensive renovations in 2008 when it was turned into a condo community.
Units range in size from 500 to 1000 square feet. One bedroom, 2 bedroom, and 3 bedroom units are available. Some units are single level and others have a second floor. Each unit has laundry space within the condo which is a nice perk.
The condos are located about ½ mile from the southern edge of University of Arizona campus in the southern part of Rincon Heights neighborhood.
They’re convenient to the Sunshine Mile shopping district located on Broadway Blvd. and Safeway is just a few blocks away at Broadway and Campbell. Rincon Heights is rated as one of the most walkable neighborhoods in Tucson.
All units within 55 N Cherry Ave face inward toward the secure, gated, well landscaped interior courtyard. Within the interior courtyard you’ll find a nice sized pool, lounge chairs, ramada, BBQ grill, and bike corral.
Items to Think About When Purchasing a Condo
How will you be purchasing your condo? If you’re purchasing this as an investment or a second home, financing for a condo can be difficult, if not impossible to obtain, due to lender restrictions. If you require financing, a townhome or single family residence may be a better option for you. Contact Nick for more details. Nick@RealTucson.com
Great Investment Opportunity
Whether this is your first investment property, or you’re a seasoned real estate investor, purchasing a condo for your University of Arizona student can be a smart move.
Oftentimes parents purchase a condo for their student with the intention for the younger siblings to move there once they reach college age. Other times the student will have rent-paying friends as roommates.
Some parents keep the investment property after their son or daughter graduates and others prefer to sell at that time.