Updated Dec 20, 2023
Colliers Brokers $23.35M Multifamily Sale In Sarasota
2413 North Tamiami Trail, North Fort Myers, Florida 33903, United States
$23,350,000
Units
47
Asset Type
MultiFamily
Closing
Jun 26, 2022
About this deal
AI
The multifamily property located at 2413 North Tamiami Trail in Sarasota has been sold. The property spans across 1.36 acres and consists of 47 units. The sale took place on June 27, 2022, with a transaction amount of $23,350,000. This translates to a price per unit of $496,809.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $23,350,000
- Address: 2413 North Tamiami Trail
- Market: Sarasota
- Acres: 1.36
- Units: 47
- Price Per Unit: $496,809
The sale was facilitated by Colliers. The broker representing the deal was Colliers.
Players
North Fort Myers 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93