Iconic is pleased to announce the sale of Cambridge Apartments at 2222 Cambridge Street in Harvard Heights.
► 7 of 18 Units Renovated (38%)
► In-Place Cap Rate of 4.75% - GRM of 12.10
► Price/SF: $325 | Price/Unit: $163,889
► Built in 1926 - Excellent Harvard Heights Location
► 16 Studios and (2) 1-Bedroom Units.
► Marketed to the Entire Brokerage Community Day-1
► 10 Buyer Groups Toured the Property
► 4 Competitive Offers
THE SELLER acquired the value add property with the intention of a short hold period.
THE BUYER is a large operator in the area and is expanding their portfolio.
