Marcus & Millichap Sells Multifamily Property In Largo For $6.2M
1500 West Bay Drive, Largo, Florida 33770, United States
$6,235,000
$239,807/SF
Building Size
26 SF
Asset Type
MultiFamily
Closing
Jan 18, 2023
AI
The multifamily property located at 1500 W. Bay Drive in Largo has been sold in a recent transaction. The sale took place on January 18, 2023. The property spans an area of 0.9 acres, providing ample space for residents.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $6,235,000
- Number of Units: 39
- Price per Unit: $159,872
- Total Square Footage: 26,845
- Price per Square Foot: $232
- Address: 1500 W. Bay Drive
- Market: Largo
The sale was facilitated by a team of brokers from Marcus & Millichap. The team includes Sebastian Harris, Adam Podbelski, Duane C. Anderson, Ned Roberts, and Jason Hague. Their expertise and representation were invaluable in completing the transaction successfully. They worked diligently to ensure a smooth process for all parties involved.
Players
Largo 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93