Standing prominently on an oversized corner lot in Union City

140 Bay St, Suite 1 Jersey City, NJ 07302
Phone: 201-225-8655
Fax: 201-604-6474
Courtesy of LIBERTY REALTY LLC (201-222-2900)


Union City NJ 07087
Cross street:16th & 17th Streets


Ownership: For Sale
Type: Multi-Family
Rooms: 4
Bathrooms: 4
Pets: No Pets


Price: $825,000


Standing prominently on an oversized corner lot in Union City, this investment property comes fully rented with 4 spacious apartments including up to 6 car parking. Condo Conversion and/or increase to a 5 family is realistic. $4900 Gross Revenue edges a 5 1/2 % cap rate leaving room for growth. Many upgrades including Separate utilities makes this ideal for the would be investor. Bus stop literally at the corner, close to schools, shopping, Washington park, and central to the Heights, Weehawken, Hoboken, and major highways. 1st time and seasoned investors, let’s see how this property can add value to your portfolio.

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