Updated Dec 21, 2023
Travis Shelhorse Acquires Multifamily Property In Saint Petersburg For $4.16M
7925 West Gulf Boulevard, Treasure Island, Florida 33706, United States
$4,160,000
$512/SF
Building Size
8,111 SF
Asset Type
MultiFamily
Closing
Feb 28, 2022
About this deal
AI
A multifamily property located at 7925 W Gulf Blvd, 25 79th Ter, 7901 W Gulf Blvd, 14 79th Ave, and 16 79th Ave in Saint Petersburg, FL, was recently sold in a closed transaction for a total price of $4,160,000. The property spans a total area of 8,111 square feet, resulting in a price per square foot of $512.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $4,160,000
- Address: 7925 W Gulf Blvd, 25 79th Ter, 7901 W Gulf Blvd, 14 79th Ave, and 16 79th Ave
- Market: Saint Petersburg, FL
- Square Footage: 8,111
- Price per Square Foot: $512
The buyer of the property is Travis Shelhorse, while the sellers are Mitchele Smith and Laurie Davidson-Smith.
Players
Treasure Island 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
3.81%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93