TAMPA, FL—433 Delmar Terrace, a 10-unit multifamily community in Saint Petersburg, FL, has a new owner. A local multifamily investor grabbed the apartment asset for $405,000.
Zach Ames, Kevin Kelleher, Darron Kattan, and Robert Goldfinger all of Franklin Street, represented the seller, a local owner. The sales price represents $40,500 per unit and $97.12 per square foot.
“The property has sustained a historically strong rental history and was 90% occupied at the time of sale,” says Ames. “There is a healthy demographic mix including students in this market which are creating overall occupancy rates in the mid-90s.”
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