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11738 North 14th Street

YB Acquisitions, LLC Acquires 42-Unit Multifamily In Tampa For $4.375M
SOLDMultiFamily

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

Jason Hague

Marcus & Millichap

Broker

$228.4M

vol

26 deals

Broker

Tampa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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