3301 Pleasant Ave Union City, NJ 07087
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Nine-unit condo building, high ROI
Property Features for 3301 Pleasant Ave
General Information
- Property type
- Multifamily properties
- Class
- C
Building Details
- Year Built
- 1963
- Buildings
- 3
- Stories
- 2
- Units
- 9
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 portfolio of three low-rise brick buildings situated at the intersection of Pleasant Avenue and 33rd Street in Union City, New Jersey. Comprising a total of nine units, each a two-bedroom, one-bathroom condominium, this property boasts 100% occupancy and a strong NOI of $98,669, yielding a 6.64% cap rate. Built in 1963, the buildings are well-maintained and offer four parking spaces. The property benefits from a prime location, offering convenient access to Weehawken and the Lincoln Tunnel, placing residents within a 10-minute commute of Manhattan's Hudson Yards, Garment District, and Madison Square Garden. Tenants are responsible for electric heat and individual gas stove usage, while the owner covers hot water and sewer costs. Each condominium is individually taxed. This rent-stabilized portfolio presents a compelling opportunity for passive income generation and long-term investment growth. The asking price is $1,484,874, or $164,986 per unit. The property is zoned RM. This is a rare opportunity to acquire a well-performing multifamily portfolio in a highly desirable location. The buildings are individually addressed as 3301 Pleasant Ave, 3303 Pleasant Ave, and 106 33rd St, all in Union City, NJ 07087.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.024737539109
- Latitude
- 40.768436426383
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FAQs
What type of property is this?
Multifamily property - Nine-unit condo building, high ROI
Where is this multifamily property located?
The property is located at 3301 Pleasant Ave Union City, NJ.
What is the asking price?
The asking price for this property is $1,484,874.
What are key features of this property?
This property features: Three well-maintained, low-rise brick buildings in Union City, NJ, totaling nine 2-bedroom/1-bathroom condos.; 100% occupancy with a strong NOI of $98,669 and a 6.64% cap rate.; Prime location at Pleasant Ave & 33rd St, offering easy access to the Lincoln Tunnel and Weehawken, with a 10-minute commute to Manhattan.
