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902 East Annie Street, Tamp...

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
SOLDMultiFamily

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.

Players

Matthew Barbaccia

Brix Real Estate Advisors

Broker

$71.1M

vol

30 deals

Broker

Tampa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $820 per square foot on a published $5.4M for 6,570 square feet (2021).

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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

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