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727 S Edison Avenue

Scott Silverstein Acquires SFR In Tampa For $4.45M
SOLD

Scott Silverstein Acquires SFR In Tampa For $4.45M

727 S Edison Avenue

$4,450,000

Building Size

Asset Type

Closing

Aug 15, 2023

AI

A single-family residential property located at 727 South Edison Avenue in Tampa has been sold. The property was listed for sale with an asking price of $4,500,000 and was ultimately sold for $4,450,000. The transaction was completed on 08/15/2023.

Summary of transaction details:

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $4,450,000
  • Address: 727 South Edison Avenue, Tampa
  • Market: Tampa

The buyer of the property is Scott Silverstein, while the seller is Melvin Upton. Representing the buyer is Stephen Gay from Smith & Associates, and working on behalf of the seller are Ally Russell and Kamilla Altunyan from Keller Williams.

The sale of this property highlights the collaboration between these key individuals and companies in the real estate industry. The involvement of Stephen Gay, Ally Russell, and Kamilla Altunyan showcases their expertise in facilitating successful property transactions.

Players

Stephen Gay

Smith & Associates Real Estate

Broker

$35.2M

vol

3 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

3.56%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93