1701 New York Ave Union City, NJ 07087
Eight-unit apartment building in Union City, New Jersey for sale.
Source: eRealty
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Overview
Union City Multifamily Investment Opportunity
This is an opportunity to invest in an eight-unit apartment building. The solid brick building has four levels plus a full, unfinished basement. The property features a total of eight apartments. Six units consist of a living room, kitchen, two bedrooms, and one full bath. The seventh unit includes a living room, kitchen, one bedroom, and one full bath. The eighth unit features a living room, kitchen/dining area, three bedrooms, central air, one bath, and one parking space in the rear. The unfinished basement includes a washer and dryer for apartment 1. The building has separate water heaters, gas, and electric. The gross income is $141,972, with operating expenses of $66,521, resulting in a net operating income of $75,451.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0342886
- Latitude
- 40.7626702
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FAQs
What type of property is this?
Apartment building - Eight-unit apartment building in Union City, New Jersey for sale.
Where is this apartment building located?
The property is located at 1701 New York Ave Union City, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: - High Net Operating Income (NOI) of $75,451 indicates strong profitability.; - Gross annual income of $141,972.; - Eight-unit apartment building offers substantial rental income potential.