Only $45,000,000
(Not on the MLS)
This opportunity is a residential multifamily apartment complex in Tampa, Florida. This opportunity is off-market, it has an assumable mortgage in case the Buyer is interested. The property is selling at $110,565 per unit with value add potential.
- Year Built 1980s
- 10 + Acres Site
- 10 + Buildings (All Building 2 Stories)
- Club House
- 400 + Parking
- 160,000 + (Rental SF (NRA)
- Income Dec 2022 – Nov 2023
- Total Income $5,339,968.73
- Total Expenses $1,656,000
- NOI $3,643,459.00
- Cap Rate 7.3%
- Existing Assumable Loan Fannie Mae $16,956,983
- Amortization 30 years
- Interest 2.97% Fixed
- Maturity September 2032
- Non-recourse
This opportunity is off-market, every interested buyer needs Provide POF, sign an NDA + Sign Our Commission Agreement to receive the financial information and address of the property.
As these opportunities are off-market, the buyer will pay a 3% commission, which can be deducted from the purchase price.
Our lender will provide the following: 65% LTV, Lend $29,250,000 at 6.5% fix interest only for the First 3 years, then the loan will turn into a PITI loan with the same interest rate 6.5% with a 10 year term, amortized Over 30 years. Depending on the Buyer’s credit risk, etc.
*** All information is provided by the owner, the broker is not responsible for its accuracy.***
For Proof of fund approval call NOW!!!
