Updated Dec 4, 2024
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
Wallington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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