Palermo is techically located in downtown's Cortez Hill neighborhood but isn't on the hill and is right on the border with Little Italy.
This building was designed and built as rental apartments (read lower quality) and was coverted into condominiums before completion.
At this point downtown there are many run of the mill one bedrooms on the market (and many coming in 2007) so there really isn't anything to make these properties stand out, except affordability which means lower prices.
Type: Listed on MLS(#061068322)
Resale Price: $425,000
Loss@6% Sales Expenses: $41,500
Purchase Date: 04/25/2005
Holding Period: 16 months and counting...
Square Feet: 749
Purchase Details: view