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Meilyn Torres Of EXP Realty Represents Buyer In $1.19M Lodi Multifamily Sale

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SOLD
$1,190,000

New Jersey

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MultiFamily
Sold 10/11/2024
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Property Image
SOLD

Meilyn Torres Of EXP Realty Represents Buyer In $1.19M Lodi Multifamily Sale

188 Ragonese Street

See Similar Deals
MultiFamily
Sold 10/11/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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:

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

Taylor Lucyk
10 deals$128.2M volume
BROKER

Meilyn Torres
EXP Realty
3 deals$12.7M volume(908) 422-9600
BROKER

Details

SOLD
IMAGE: Meilyn Torres & Taylor Lucyk DATE: 10/11/2024 ADDRESS: 188 Ragonese Street MARKET: Lodi ASSET TYPE: Multifamily BUYER'S REP: Meilyn Torres (@MeilynTorresrealtor) - EXP Realty (@ExpRealty_) SELLER'S REP: Taylor Lucyk (@TheTaylorLucykgroup) - Christie's International Real Estate (@ChristiesRealEstate) SALE PRICE: $1,190,000 UNITS: 2 ~ PPU: $595,000 NOTE: A 2-family home at 188 Ragonese Street in Lodi, NJ, sold for $1.19 million, with each unit priced at $595,000. The fully renovated property includes two units, each with three bedrooms and two bathrooms, plus a large backyard and ample parking.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,227.81
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