Potential 7.5% Cap! Legal 4 Family near light rail in up and coming area of Union City! Net operating income approximately $48,000. Property being sold with lot next door (535 42nd Street asking $325,000). Asking price for both properties is $950,000. Total net income between both properties is $65,000. Get good returns while obtaining approvals for either 8 units with both lots or two 3/4 families for the individual lots.