Iconic is pleased to announce the sale of The Tremont Apartments.
► Record-Breaking Sale at $200,000 Per Unit for a Value-Add Property
► Requires an Additional $300,000 in Renovation Costs
► Sold with 3 Vacant Units – Buyer Paid Relocation Costs for Remaining 2 Units
► 30-Day Close of Escrow – Quick Due-Diligence Period
► 17 Buyer Groups Toured the Property
► 8 Competitive Offers
► Marketed to the Entire Brokerage Community Day-1
THE SELLER and his family lived in the Tremont building for the last 16 years. He was tired of dealing with tenants so he elected to exchange into a single-family residence.
THE BUYER is the managing partner of a publicly-traded REIT which owns 85,000+ apartment units – Tremont is a personal investment.
