Updated Oct 28, 2024
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
About this deal
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.
On the Map
$3,635,000
$2,429/SF
MultiFamily
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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