Updated Oct 28, 2024
Richland Communities Acquires Multifamily Property In Tampa For $92.5M
510 North Rome Avenue, Tampa, FL 33606
$92,530,000
Units
226
Asset Type
MultiFamily
Closing
Jan 10, 2022
About this deal
AI
510 North Rome Ave. in Tampa has been sold in a closed transaction. The multifamily property, consisting of 226 units, was purchased by Richland Communities, represented by Jack Bray. The seller, RangeWater Real Estate, was represented by Steven L. Shores. The sale price for the property was $92,530,000, resulting in a per unit price of $409,425.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $92,530,000
- Units: 226
- Per Unit Price: $409,425
The buyer, Richland Communities, was represented by Jack Bray, while RangeWater Real Estate was represented by Steven L. Shores. The transaction took place on January 10, 2022. The property is located at 510 North Rome Ave. in Tampa.
On the Map
$92,530,000
MultiFamily
View full map
Players
Tampa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Steven L. Shores to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93