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449 S 12th St, Tampa, FL, USA

Thomas Sweet Acquires Condo At 449 S 12th St, Unit 2902 In Tampa For $3.45M
SOLD

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

Kevin Lee

Broker

$11.2M

vol

6 deals

Broker

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