Corner Retail + 1 family on busy intersection, Union City NJ

408 Bergenline Ave
Union City NJ 07087
EXCLUSIVE
Cross street:corner of 5th

Property

Ownership: Mixed Use
Type: Brownstone
Bedrooms: 2 BR
Pets: Pets Unknown
Area: 5000 sq ft
Lot Size: 2500 sq ft

Financials

Price: $540,000
Annual Taxes: $13,263
Margo Fuller
Licensed Real Estate Salesperson
Phone:
Rob Fuller
Licensed Real Estate Salesperson | The Mansilla Team | Licensed as 'John Fuller'
Phone:
140 Bay St, Suite 1 Jersey City, NJ 07302

Description

Great opportunity to invest in a mixed use property in a developing Union City. Corner building, all brick. Located on a busy intersection of Bergenline Ave and 5th.

1st floor: Commercial space, currently vacant. Potential rent $2,000/month.

2nd floor: 2BR+balcony apt. Rent $1,800/month.

4 parking spots. Rented for $600/month.

Expenses:
Tax ($13,263/yr), Insurance ($4,000/yr), Water/Sewer ($2,000)

Cap rate: 6.2%

Amenities

  • Basement
  • corner-apartment
  • Deck
  • Garage

Neighborhood

More listings:

Corner Retail + 1 family on busy intersection, Union City NJ

Description

Great opportunity to invest in a mixed use property in a developing Union City. Corner building, all brick. Located on a busy intersection of Bergenline Ave and 5th.

1st floor: Commercial space, currently vacant. Potential rent $2,000/month.

2nd floor: 2BR+balcony apt. Rent $1,800/month.

4 parking spots. Rented for $600/month.

Expenses:
Tax ($13,263/yr), Insurance ($4,000/yr), Water/Sewer ($2,000)

Cap rate: 6.2%

Amenities

  • Basement
  • corner-apartment
  • Deck
  • Garage

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.