Updated Dec 20, 2023
Steven Hellman & Olga Hellman Acquire Multifamily Property In Tampa For $3M
3809 West Iowa Avenue, Tampa, Florida 33616, United States
$3,000,000
$202/SF
Building Size
14,802 SF
Asset Type
MultiFamily
Closing
Dec 20, 2021
About this deal
AI
The multifamily property located at 3809 W Iowa Ave in Tampa, FL has been sold in a recent transaction. The property spans a total area of 14,802 square feet and was sold for a price of $3,000,000. With a price per square foot of $202, this transaction represents a valuable investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Square Footage: 14,802
- Price per Square Foot: $202
- Address: 3809 W Iowa Ave, Tampa, FL
The buyers in this transaction are Steven Hellman and Olga Hellman, while Rosemarie Huss is the seller. Their respective roles in this deal are as follows:
- Buyer's Representative:
- Seller's Representative:
This sale represents an exciting opportunity for the buyers to acquire a multifamily property in Tampa, FL. The transaction demonstrates the strong demand and potential for investment in the local market.
Players
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93