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Dave & Diana Chatoo Sell Multifamily Property In North Tampa, FL For $5.39M With Broker Matthew Barbaccia - Brix Real Estate Advisors

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SOLD
$5,388,000

Florida

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MultiFamily6,570 SF
Sold 12/23/2021
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Property Image
SOLD

Dave & Diana Chatoo Sell Multifamily Property In North Tampa, FL For $5.39M With Broker Matthew Barbaccia - Brix Real Estate Advisors

902 East Annie Street, Tampa, Florida 33612, United States

See Similar Deals
MultiFamily6,570 SF
Sold 12/23/2021
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$820
Total Square Footage:6,570 SF
Transaction Type:Sale

The multifamily property located at 902 East Annie Street in North Tampa, FL was recently sold for a price of $5,388,000. The property consists of 49 units, with an average price per unit of $109,959. The total square footage of the property is 36,975, resulting in a price per square foot of $145. The sale took place on December 23, 2021, and the transaction was facilitated by Matthew Barbaccia of Brix Real Estate Advisors.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $5,388,000
  • Units: 49
  • Price per Unit: $109,959
  • Square Footage: 36,975
  • Price per Square Foot: $145
  • Address: 902 East Annie Street, North Tampa, FL
  • Market: North Tampa, FL

The sale of this multifamily property was carried out by the sellers, Dave & Diana Chatoo. Matthew Barbaccia from Brix Real Estate Advisors represented the sellers in the transaction. Their expertise and negotiation skills played a crucial role in the successful completion of the deal. The buyers and additional parties involved in the transaction were not disclosed.

Players

Matthew Barbaccia
30 deals$71.1M volume(914) 980-7828
BROKER

Details

SOLD
IMAGE: Matthew Barbaccia DATE: 12/23/2021 ADDRESS: 902 East Annie Street MARKET: North Tampa, FL ASSET TYPE: Multifamily SELLER: Dave & Diana Chatoo BROKER: Matthew Barbaccia (@MatthewBarbaccia) - Brix Real Estate Advisors (@BrixAdvisors) SALE PRICE: $5,388,000 UNITS: 49 ~ PPU: $109,959 SF: 36,975 ~ PPSF: $145

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,142.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,541.87
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