Thomas Sweet Acquires Condo At 449 S 12th St, Unit 2902 In Tampa For $3.45M
SOLD
$3,450,000
Florida
See Similar Deals4,835 SF
Sold 10/18/2021
SOLD
Thomas Sweet Acquires Condo At 449 S 12th St, Unit 2902 In Tampa For $3.45M
449 S 12th St, Tampa, FL, USA
See Similar Deals4,835 SF
Sold 10/18/2021
Summary
FLORIDA
Price Per Square Foot:$713
Total Square Footage:4,835 SF
Transaction Type:Sale
A condo unit located at 449 S 12th St, Unit 2902 in Tampa was recently sold. The property, spanning 4,835 square feet, was sold for a price of $3,450,000. The transaction took place on October 18, 2021. The condo features a spacious layout and is situated in a desirable location in Tampa.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,450,000
- Date: October 18, 2021
- Address: 449 S 12th St, Unit 2902, Tampa
- Market: Tampa
The buyer of the condo unit is Thomas Sweet, while the seller is Frederick Barnes and Sandra Barnes. The transaction was facilitated by brokers Kevin Lee, Kamilla Altunyan, and Ally Russell of Keller Williams Realty's KVA Group. Notably, the property underwent renovation carried out by Lu Capital Management and Legion Construction FL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12
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