44
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$1,599,000
Est. payment /mo
8 Baths
New
702 17TH ST Union City, NJ 07087
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250012859
Full Baths 8
Annual Tax Amount $20,643
Lot Dimensions 27x84
Property Sub-Type Investment
Property Description
Meticulously maintained, legal 8-family freestanding brick building located in the heart of Union City, right on highly desirable Central Avenue. This property sits on a 27 x 84 lot with full lot coverage, a brick & concrete façade, and has been kept fully up to date with all city requirements. The building is comprised of (3) three-bedroom apartments and (5) one-bedroom apartments, all with separate heat and electric, individual meters, and minimal occupants per unit, making for stable, long-term tenancy. Property also features a double garage with value-add potential to lease separately for additional income. Current cap rate is a true 6.5%, with further upside available. Excellent cash flow, low expenses, and prime location in one of Union City's most sought-after rental markets make this an ideal investment opportunity. Financials available upon request. Serious inquiries only.
Location
State NJ
County Hudson
Area Union City
Exterior
Garage Spaces 2.0
Listed by LIBERTY REALTY LLC