Meilyn Torres Of EXP Realty Represents Buyer In $1.19M Lodi Multifamily Sale
188 Ragonese Street
$1,190,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 11, 2024
AI
A 2-family home located at 188 Ragonese Street in Lodi, NJ has been sold for $1.19 million, with each unit priced at $595,000. The property includes two units, each featuring three bedrooms and two bathrooms. Additionally, it boasts a large backyard and ample parking facilities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,190,000
- Units: 2
- Price Per Unit: $595,000
- Buyer’s Representative: Meilyn Torres - EXP Realty
- Seller’s Representative: Taylor Lucyk - Christie's International Real Estate
The transaction involved Meilyn Torres representing the buyer and Taylor Lucyk representing the seller, reflecting a collaborative effort between the parties involved in this real estate transaction.
Players
Lodi 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
13.33%
Cash-on-Cash
-3.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93