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14302 Basswood Avenue, Tamp...

Wolf Partners Build Acquires Multifamily Property In Citrus Park, Tampa For $3.6M
SOLDMultiFamily

Wolf Partners Build Acquires Multifamily Property In Citrus Park, Tampa For $3.6M

14302 Basswood Avenue, Tampa, FL, USA

$3,635,000

$2,429/SF

Building Size

1,496 SF

Asset Type

MultiFamily

Closing

Aug 20, 2021

AI

The property involved in this transaction is located at 14302 Basswood Ave in Citrus Park, Tampa. It is a multifamily asset spanning across 12 acres. The sale of this property took place on August 20, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,635,000
  • Address: 14302 Basswood Ave, Citrus Park, Tampa
  • Market: Citrus Park, Tampa
  • Acres: 12

The buyer in this transaction is Wolf Partners Build, while the sellers are Hollie Carter and Brudette W. Docter. The broker representing both the buyer and the seller is Bianca Lopez from Smith & Associates Real Estate.

Notably, the land was purchased for a multifamily development project. The completed project will consist of 93 rental units, which will then be sold as a rental portfolio. For more information about the development, you can visit the website of the developer, wolfpartnersbuild.com, or contact them at 813-401-8415.

Players

Bianca Lopez

Smith & Associates Real Estate

Broker

$26M

vol

5 deals

Broker
WB
Wolf Partners BuildBuyer

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

4.36%

Cash-on-Cash

-1.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93