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3809 West Iowa Avenue, Tamp...

Updated Dec 20, 2023

Steven Hellman & Olga Hellman Acquire Multifamily Property In Tampa For $3M
SOLDMultiFamily

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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Deal FAQ

About $202 per square foot on a published $3M for 14,802 square feet (2021).

Browse Florida multifamily sales on Traded.

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

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