Michael C. Powers & Richard Roach Jr. Acquire Land In Wildwood Crest, NJ For $1.775M
SOLD
$1,775,000
New Jersey
See Similar Deals108,809 SF
Sold 09/23/2021
SOLD
Michael C. Powers & Richard Roach Jr. Acquire Land In Wildwood Crest, NJ For $1.775M
425 E Louisville Ave, Wildwood Crest, NJ, USA
See Similar Deals108,809 SF
Sold 09/23/2021
Summary
NEW JERSEY
Price Per Square Foot:$16
Total Square Footage:108,809 SF
Transaction Type:Sale
An undeveloped land located at 425 E Louisville Ave in Wildwood Crest, NJ was recently sold for $1,775,000. The transaction took place on September 23, 2021. The property is situated in a desirable market and offers great potential for development.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,775,000
- Address: 425 E Louisville Ave, Wildwood Crest, NJ
- Market: Wildwood Crest, NJ
The sale was facilitated by Michael C. Powers and Richard Roach Jr., representing Keller Williams Realty Jersey Shore. Their expertise in the local real estate market played a crucial role in closing the deal successfully.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,306.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,414.41
Annual Debt Service$100,972.87
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