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810-812 22ND ST

Union City, NJ 07087
  • $3,100,000
  • STATUS: Active
  • ON SITE: 105 Days
  • MLS #: 240004239
UPDATED: 101 min ago
$3,100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 18
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Prime Investment Opportunity: 18-Unit Multi-Family Complex in Union City Welcome to a lucrative investment opportunity located on 22nd St and Summit in Union City. This impressive multi-family complex consists of two buildings conveniently situated side by side, offering a total of 18 residential units with 5 units being delivered vacant offering an immediate opportunity for value enhancement With a projected gross income of close to $300,000 annually, this property presents a compelling investment proposition. Each unit offers the potential for stable rental income, providing a solid foundation for long-term wealth accumulation. The property boasts an attractive 6%+ Cap Rate, reflecting a favorable return on investment relative to the purchase price. Investors seeking stable cash flow and capital appreciation will find this property aligns with their financial objectives. In summary, this 18-unit multi-family side by side complex in Union City represents an exceptional investment opportunity for investors seeking to expand their real estate portfolio. With its prime location, income potential, value-add opportunities, and promising market dynamics, this property is a rare value add option in today's market.

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© 2024 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lori Staselis and Ann Wycherley | Brown Harris Stevens, NJ. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Lori Staselis and Ann Wycherley | Brown Harris Stevens, NJ are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2024-06-20T16:25:38.813.
www.sellinghudsoncounty.com/homes/148328052
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810-812 22ND ST Union City, NJ 07087

  • Price: $3,100,000
  • Status: Active
  • On Site: 105 Days
  • Updated: 101 min ago
  • MLS #: 240004239
0
Beds
18
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Union City
County:
Hudson
Area:
Union City
Property Description
Prime Investment Opportunity: 18-Unit Multi-Family Complex in Union City Welcome to a lucrative investment opportunity located on 22nd St and Summit in Union City. This impressive multi-family complex consists of two buildings conveniently situated side by side, offering a total of 18 residential units with 5 units being delivered vacant offering an immediate opportunity for value enhancement With a projected gross income of close to $300,000 annually, this property presents a compelling investment proposition. Each unit offers the potential for stable rental income, providing a solid foundation for long-term wealth accumulation. The property boasts an attractive 6%+ Cap Rate, reflecting a favorable return on investment relative to the purchase price. Investors seeking stable cash flow and capital appreciation will find this property aligns with their financial objectives. In summary, this 18-unit multi-family side by side complex in Union City represents an exceptional investment opportunity for investors seeking to expand their real estate portfolio. With its prime location, income potential, value-add opportunities, and promising market dynamics, this property is a rare value add option in today's market.
Exterior Features

Lot Size 6952 Stories 3

Interior Features

One Bedrooms 5 Two Bedrooms 13

Property Features

Commercial Type Investment Fuel Gas Green Card Yes Gross Income 298529 Internet Yes Lead Paint Form Yes Rent Control Yes Taxes 32135

Listing provided courtesy of EXP REALTY LLC:866-201-6210.


© 2024 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lori Staselis and Ann Wycherley | Brown Harris Stevens, NJ. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Lori Staselis and Ann Wycherley | Brown Harris Stevens, NJ are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2024-06-20T16:25:38.813.
 
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Lori Staselis and Ann Wycherley | Brown Harris Stevens, NJ
200 Washington Street
Hoboken NJ, 07030