8-Unit Brick Building – Prime Union City – 6.71% Cap Rate + Garage Income Potential
Legal 8-family, freestanding brick building located directly on Central Avenue in the heart of Union City. The property sits on a 27 x 84 lot with full lot coverage and a brick and concrete façade. Fully compliant with all city codes and very well maintained.
The building consists of (3) three-bedroom units and (5) one-bedroom units. All apartments have separate heat and electric with individual meters. Low tenant turnover, long-term renters, and low operating costs make for reliable cash flow.
A double garage in the rear offers value-add potential for additional rental income.
Current income supports a true 6.71% cap rate, with room for future upside. Located in a high-demand rental area with strong fundamentals.
Financials available upon request. Serious inquiries only.