Sold
810-812 22ND ST
Union City NJ, 07087
$2,550,000
Sold
18 Baths
Commercial
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.
240004239
MLSⓇ ID
March 6, 2024
Listed
September 3, 2024
Updated
Map
810-812 22ND ST
Union City NJ, 07087
Interior Features
Total Stories
3
Total Bathrooms
18
Full Bathrooms
18
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Other Property Details
Area Name
Union City
Days on Market
127
Garage
No
View
No
County
Hudson
Pool
No
Courtesy of EXP REALTY LLC with ANDREW SANDERSON,
Listing Contact: 866-201-6210
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Data last updated on 9/3/2024 at 3:58 PM UTC