Daily limit: 0/10
William Hodgson Jr. Facilitates $1.25M Duplex Sale In Barnegat Light Multifamily
SOLD
$1,250,000
New Jersey
See Similar DealsMultiFamily2,016 SF
Sold 04/05/2024
SOLD
William Hodgson Jr. Facilitates $1.25M Duplex Sale In Barnegat Light Multifamily
3 East 9th Street
See Similar DealsMultiFamily2,016 SF
Sold 04/05/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$620
Total Square Footage:2,016 SF
Transaction Type:Sale
The charming duplex at 3 East 9th Street in Barnegat Light has been sold for $1,250,000. Situated on a 50x125 lot just steps from the beach, this multifamily property offers two units with a total of 6 bedrooms and 2.5 baths, making it an ideal investment opportunity or potential site for building one's dream home in close proximity to shops, restaurants, and attractions on Long Beach Island.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Broker: William Hodgson Jr. - Island Realty
- Market: Barnegat Light
- Square Footage: 2,016
- Price per Square Foot: $620
William Hodgson Jr. of Island Realty played a crucial role in facilitating the sale of the duplex at 3 East 9th Street. This transaction highlights the significance of having a seasoned professional like William Hodgson Jr. to ensure a smooth and successful real estate deal in Barnegat Light.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
Is there something missing? Send suggestions