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

Property Image
SOLD
$1,020,000
Marion Douglass
Patricia Gamboa

New Jersey

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MultiFamily
Sold 04/30/2024
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Property Image
SOLD

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

13 Fradkin Street

See Similar Deals
MultiFamily
Sold 04/30/2024
Marion Douglass
Patricia Gamboa
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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
Marion Douglass
1 deal$1M volume(201) 893-3657
BROKER
Patricia Gamboa
Access Homes Realty
Patricia Gamboa
1 deal$1M volume(201) 981-8906
BROKER

Details

SOLD
IMAGE: Patricia Gamboa & Marion Douglass DATE: 04/30/2024 ADDRESS: 13 Fradkin Street MARKET: Wallington ASSET TYPE: Multifamily BUYER'S REP: Patricia Gamboa (@PatriciaGamboa20) - Access Homes Realty (@AccessHomesRealty) SELLER'S REP: Marion Douglass (@MarionDouglassrealtor_) - United Real Estate (@United_re) SALE PRICE: $1,020,000 UNITS: 2 ~ PPU: $510,000 NOTE: In Wallington, a newly remodeled 2-family home at 13 Fradkin Street was sold for $1,020,000. Patricia Gamboa of Access Homes Realty represented the buyer, while Marion Douglass of United Real Estate represented the seller. The property features 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.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$54,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,623.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,835.32
Annual Debt Service$58,023.84