Apartment Buildings /NJ /Hudson County /Union City /1511 Summit Ave
Apartment Buildings /NJ /Hudson County /Union City /1511 Summit Ave

1511 Summit Ave - Apartments FOR SALE


Union City, NJ 07087 | 
$3,075,000 USD
201-218-9156
1511 Summit Ave, Union City, NJ for Sale
$3,075,000 USD
Apartments - FOR SALE
1/4
null | 6.74% Cap Rate
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1511 Summit Ave
Union City, NJ 07087

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HIGHLIGHTS

  • 4 Gut Renovated Units
  • 7 Storage Units
  • 5 new water heaters replaced within the last five years
  • Strong unit mix – Studio, One-, and Two-bedroom units
  • Tenant pays for heat, hot water, cooking gas and electricity
  • Landlord pays for water/sewer and common area electric

OVERVIEW

Broker of Record Patrick Forde License # 2330333 (NJ) Matthews Real Estate Investment Services, Inc 52 Park Avenue, Suite B5, Park Ridge NJ 07656 (866) 889-0550

FOR SALE DETAILS

PRICE

$3,075,000 USD

PRICE/SF

$426 USD /SF

# OF UNITS

22

PRICE/UNIT

$139,773

CAP RATE

6.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1511-1513 Summit Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,526 SF

ZONING

R

APN/PARCEL ID

10-00080-0000-00003

ASK ABOUT THIS PROPERTY

David FerberMatthews Real Estate Investment ServicesMore Info
201-218-9156

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David FerberMatthews Real Estate Investment ServicesMore Info
201-218-9156

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