Iconic Investments is pleased to announce the sale of Las Escaleras Apartments located at 329 N. Alexandria Avenue. The property closed escrow at $1,600,000 which equates to $200,000 per unit and $412 per square foot. The property was delivered with four vacant units. The renovation oriented buyer will reposition the asset and offer short term rentals.
# of Property Tours: 8 Groups
# of Offers: 5 Offers
Offer Ranges: $1.3 to $1.6 Million
HIGHLIGHTS
Sold at $200,000 per unit
Sold at $412 per square foot
Extensive rehab required
Unit Mix: 4-Singles & 4-1 Bedrooms
