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.
Tax ($13,263/yr), Insurance ($4,000/yr), Water/Sewer ($2,000)
Cap rate: 6.2%