Corner Retail + 1 family on busy intersection, Union City NJ
| Website: | https://www.nestseekers.com/1183603 |
|---|---|
| Address: | 408 Bergenline Ave Union City, NJ 07087 |
| Cross street: | corner of 5th |
| Ownership: | Mixed Use |
|---|---|
| Type: | Brownstone |
| Bedrooms: | 2 BR |
| Area: | 5000 sq ft |
| Lot Size: | 2500 sq ft |
Financials
Price:$524,999
Annual Taxes:$13,263
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
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140 Bay St, Suite 1 Jersey City, NJ 07302 Phone: +1 201-225-8655 Fax: +1 201-604-6474 |
