Thomas Sweet Acquires Condo At 449 S 12th St, Unit 2902 In Tampa For $3.45M
449 S 12th St, Tampa, FL, USA
$3,450,000
$713/SF
Building Size
4,835 SF
Asset Type
—
Closing
Oct 18, 2021
AI
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.
Players
Tampa CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93