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: $524,999
Annual Taxes: $13,263
Johnny J Mansilla
Licensed Associate Real Estate Broker
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:
Sold

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


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.