Updated Sep 9, 2024
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
$5,388,000
$820/SF
Building Size
6,570 SF
Asset Type
MultiFamily
Closing
Dec 23, 2021
About this deal
AI
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.
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93