Iconic is pleased to announce the sale of Villa Girasol Apartments.
► Four Legacy Tenants (40+ Years) – Rents from $456 - $534
► All Charming 1-Bedroom + 1-Bath Units
► Sold at 18.41 GRM, 2.87% CAP Rate & $263,125 Per Unit
► Marketed to the Entire Brokerage Community Day-1
► 10-Day Due-Diligence / 45-Day Close of Escrow
► 10 Buyer Groups Toured the Property - 5 Competitive Offers
THE SELLER has owned the property for 30+ years, and elected to 1031-exchange into a property out of state.
THE BUYER owns the property directly across the street, Villa Girasol was the perfect addition to his portfolio.
