John Jack Vizzard Acquires Multifamily Property On 22nd St In Avalon For $1.1M
SOLD
$1,100,000
New Jersey
See Similar DealsMultiFamily4,000 SF
Sold 11/26/2021
SOLD
John Jack Vizzard Acquires Multifamily Property On 22nd St In Avalon For $1.1M
449 22nd Street, Avalon, NJ 08202, USA
See Similar DealsMultiFamily4,000 SF
Sold 11/26/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$275
Total Square Footage:4,000 SF
Transaction Type:Sale
Located at 449 22nd St in Avalon, this multifamily property recently sold in a closed transaction. The deal was brokered by John "Jack" Vizzard from Berkshire Hathaway HomeServices Fox & Roach.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,100,000
- Units: 2
- Price per Unit (PPU): $550,000
John "Jack" Vizzard, representing Berkshire Hathaway HomeServices Fox & Roach, facilitated the successful sale of this multifamily property. The transaction took place on November 26, 2021. The property consists of two units, with each unit being sold at a price of $550,000. The total sale price for the property was $1,100,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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