Wolf Partners Build Acquires Hyde Park Multifamily Property For $1.72M
606 South Boulevard, Tampa, Florida 33606, United States
$1,720,000
$82/SF
Building Size
20,865 SF
Asset Type
MultiFamily
Closing
Mar 16, 2021
AI
The multifamily property located at 606 S Blvd in Hyde Park, Tampa has been sold. The property, which spans 20,865 square feet, was purchased by Wolf Partners Build from Hillsborough County Medical Association.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,720,000
- Units: Proposed 7
- Price per Unit: $245,714
- Square Footage: 20,865
- Price per Square Foot: $82
- Market: Hyde Park, Tampa
Bianca Lopez from Smith & Associates Real Estate represented Wolf Partners Build in the transaction, while Kevin Platt, also from Smith & Associates Real Estate, served as the representative for Hillsborough County Medical Association. The property was originally listed for $1,599,000, but it sold for $1,720,000.
This sale marks an important investment by Wolf Partners Build in the Hyde Park market. The multifamily property will be developed into 7 luxury townhomes, available for individual purchase. The developer behind this project is wolfpartnersbuild.com. For more information, interested parties can contact Wolf Partners Build at 813-401-8415.
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
9.22%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93