Union City, NJ 07087,810-812 22ND ST
Union City, NJ 07087,810-812 22ND ST
Union City, NJ 07087,810-812 22ND ST
Union City, NJ 07087,810-812 22ND ST
Union City, NJ 07087,810-812 22ND ST
Union City, NJ 07087,810-812 22ND ST
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$2,550,000

$3,100,000

17.7%
Est.Price: ?

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Est. payment /mo

18 Baths


SOLD DATE : 08/27/2024

Key Details

Sold Price $2,550,000

Property Type Commercial

Sub Type Investment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 240004239

Sold Date 08/27/24

Full Baths 18

Annual Tax Amount $47,985

Lot Dimensions 6952

Property Description

Prime Investment Opportunity: 18-Unit Multi-Family Complex in Union City Welcome to a lucrative investment opportunity located on 22nd St and Summit in Union City. This impressive multi-family complex consists of two buildings conveniently situated side by side, offering a total of 18 residential units with 5 units being delivered vacant offering an immediate opportunity for value enhancement With a projected gross income of close to $300,000 annually, this property presents a compelling investment proposition. Each unit offers the potential for stable rental income, providing a solid foundation for long-term wealth accumulation. The property boasts an attractive 6%+ Cap Rate, reflecting a favorable return on investment relative to the purchase price. Investors seeking stable cash flow and capital appreciation will find this property aligns with their financial objectives. In summary, this 18-unit multi-family side by side complex in Union City represents an exceptional investment opportunity for investors seeking to expand their real estate portfolio. With its prime location, income potential, value-add opportunities, and promising market dynamics, this property is a rare value add option in today's market.

Location

State NJ

County Hudson

Area Union City

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Listed by EXP REALTY LLC
Bought with REMAX VILLA REALTORS
agent-avatar

+1(201) 723-3300

darren@northjerseygroup.com

28 Valley Road Suite 1, Montclair, Jersey, 07042, United States

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