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606 South Boulevard, Tampa,...

Wolf Partners Build Acquires Hyde Park Multifamily Property For $1.72M
SOLDMultiFamily

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

Bianca Lopez

Smith & Associates Real Estate

Broker

$26M

vol

5 deals

Broker
WB
Wolf Partners BuildBuyer

Tampa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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