Updated Dec 21, 2023
J. Matthew Marquardt Acquires Apartments In Saint Petersburg For $2.12M
4700 46th Avenue North, St. Petersburg, Florida 33714, United States
$2,126,000
$204/SF
Building Size
10,400 SF
Asset Type
MultiFamily
Closing
Apr 12, 2022
About this deal
AI
Located at 4700 46th Ave N in Saint Petersburg, FL, this apartment property was sold on April 13, 2022. Spanning a total area of 10,400 square feet, the property offers a compelling investment opportunity.
Summary of transaction details
- Property Type: Apartments
- Transaction Amount: $2,126,000
- Price per Square Foot: $204
- Buyer: J. Matthew Marquardt
- Seller: Danielle L Vaughn
J. Matthew Marquardt acted as the buyer in this transaction, while Danielle L Vaughn served as the seller. The deal was finalized at a price of $2,126,000, with the property measuring 10,400 square feet. This transaction represents a significant investment opportunity in the Saint Petersburg, FL market.
Players
Saint Petersburg 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
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93