YB Acquisitions, LLC Acquires 42-Unit Multifamily In Tampa For $4.375M
11738 North 14th Street
$4,375,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 7, 2024
AI
The RPH Multifamily Group, on behalf of Marcus & Millichap, has facilitated the sale of Lexington Court, a 42-unit multifamily complex located at 11738 North 14th Street in Tampa, Florida. YB Acquisitions, LLC acquired the property for a total price of $4,375,000. This amounts to an average price per unit of $104,167.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,375,000
- Units: 42
- Price Per Unit: $104,167
- Address: 11738 North 14th Street, Tampa
- Market: Tampa
The sale of Lexington Court was facilitated by the brokers Jason Hague and Ned Roberts from the Marcus & Millichap real estate agency. They successfully represented the seller, Lakshmi, LLC, in securing an experienced buyer, YB Acquisitions, LLC, for this transaction.
Players
Tampa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.63%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93