3501 Hudson Ave Union City, NJ 07087
Stabilized 12-unit plus commercial property in high-demand Union City.
Property Features for 3501 Hudson Ave
General Information
- Standard status
- Active
Building Details
- Year built
- 1930
Source:
Crexi
Listing Agency: LivX Listing Agent: Clay Mason
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Union City Mixed-Use Investment
This stabilized mixed-use property features 12 residential units and one commercial space, situated on Hudson Avenue in Union City, NJ. The property generates $177,024 in annual gross rental income. Factoring in Union City operating expenses at 33% of GRI, the net operating income is $118,606. The building's unit mix includes one-bedroom and two-bedroom residential units, along with a commercial tenant operating an "Iron Shop." The diversified rent roll and commercial component contribute to revenue stability. The property is located near transportation corridors, shopping, and restaurants, with convenient access to Hoboken, Jersey City, and Manhattan. The location is within a densely populated, transit-oriented market. The property is suited for investors seeking predictable performance, recession-resistant cash flow, and long-term appreciation.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0249849
- Latitude
- 40.7721291
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Stabilized 12-unit plus commercial property in high-demand Union City.
Where is this apartment building located?
The property is located at 3501 Hudson Ave Union City, NJ.
What are key features of this property?
This property features: - Strong in-place income with a true NOI of $118,606.; - Diversified income stream from 12 residential units and a commercial tenant.; - Located in a high-demand, rent-controlled submarket with long-term occupancy.
