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Scott Silverstein Acquires SFR In Tampa For $4.45M

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SOLD
$4,450,000

Florida

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SOLD

Scott Silverstein Acquires SFR In Tampa For $4.45M

727 S Edison Avenue

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Summary

FLORIDA
Transaction Type:Sale

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
3 deals$35.2M volume
BROKER

Kamilla Altunyan
Keller Williams Realty
8 deals$42M volume
BROKER

Ally Russell
Keller Williams Realty
9 deals$53.6M volume
BROKER

Details

SOLD
IMAGE: Ally Russell, Stephen Gay & Kamilla Altunyan DATE: 08/15/2023 ADDRESS: 727 South Edison Avenue MARKET: Tampa ASSET TYPE: SFR BUYER: Scott Silverstein SELLER: Melvin Upton BUYER'S REP: Stephen Gay (@Tampa_Stephen)- Smith & Associates (@SmithandAssociates) SELLER'S REP: Ally Russell (@AllyRusselll)& Kamilla Altunyan (@KamSellsFlorida) - Keller Williams (@KellerWilliamsRealty) ASKING PRICE: $4,500,000 SALE PRICE: $4,450,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$237,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,809.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,095.27
Annual Debt Service$253,143.24