3501 Hudson Ave Union City, NJ 07087
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13-Unit Building w/ Commercial Space
Property Features for 3501 Hudson Ave
General Information
- Property type
- Multifamily properties
- Class
- C
Building Details
- Year Built
- 1930
- Buildings
- 2
- Stories
- 4
- Units
- 13
Listing Agency: LIVX Listing Agent: Clay Mason
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 13-unit multifamily building in Union City, NJ, situated at 3501 Hudson Avenue. The property, a four-story low-rise structure built in 1930, comprises two buildings: a main residential building and a separate commercial space. The residential portion boasts nine two-bedroom, one-bathroom apartments and three three-bedroom, one-bathroom apartments, along with one additional one-bedroom unit. The detached commercial space offers further income potential. The property features a 6.5% cap rate with a net operating income (NOI) of $116,494, and an asking price of $1,792,000, resulting in a price per unit of $137,846.15. Tenants are responsible for their own electricity and cooking gas (individually metered in the basement), while the owner covers heat and hot water (via a large furnace and two water heaters in the basement). This well-located property, at the intersection of Hudson Avenue and 35th Street, presents a strong return on investment in a desirable New Jersey market. The property is classified as Class C.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.025113460488
- Latitude
- 40.772100539919
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FAQs
What type of property is this?
Multifamily property - 13-Unit Building w/ Commercial Space
Where is this multifamily property located?
The property is located at 3501 Hudson Ave Union City, NJ.
What is the asking price?
The asking price for this property is $1,792,000.
What are key features of this property?
This property features: 13-unit multifamily building in Union City, NJ, at 3501 Hudson Avenue.; Four-story, 1930s construction, consisting of a main residential building and a separate commercial space.; Apartment mix: nine 2BR/1BA, three 3BR/1BA, and one 1BR unit.
