John Jack Vizzard Acquires Multifamily Property On 22nd St In Avalon For $1.1M
449 22nd Street, Avalon, NJ 08202, USA
$1,100,000
$275/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Nov 26, 2021
AI
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.
Avalon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93