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13 Fradkin Street

Updated Dec 4, 2024

Patricia Gamboa & Marion Douglass Facilitate $1.02M Multifamily Sale In Wallington
SOLDMultiFamily

Patricia Gamboa & Marion Douglass Facilitate $1.02M Multifamily Sale In Wallington

13 Fradkin Street

$1,020,000

Units

2

Asset Type

MultiFamily

Closing

Apr 30, 2024

About this deal

AI

In Wallington, a newly remodeled 2-family home at 13 Fradkin Street was sold for $1,020,000. The property boasts modern elegance with stainless steel appliances, quartz countertops, separate utilities, laundry hookups in each unit, and a finished basement, making it an attractive investment opportunity with potential for high rental income.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,020,000
  • Units: 2
  • Price Per Unit: $510,000
  • Address: 13 Fradkin Street
  • Market: Wallington

Patricia Gamboa of Access Homes Realty represented the buyer in the transaction, while Marion Douglass of United Real Estate acted as the seller's representative.

Players

Marion Douglass

United Real Estate

Broker

$1M

vol

1 deal

Broker

Wallington MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $510K per unit across 2 units on a published $1M (2024).

Visit United Real Estate to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.55%

Cash-on-Cash

-4.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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