208 38th St - Apartments FOR SALE


Union City, NJ 07087
$850,000 USD
201-780-2492
208 38th St, Union City, NJ for Sale
$850,000 USD
Apartments - FOR SALE
1/19
null | 6.2% Cap Rate

208 38th St
Union City, NJ 07087


HIGHLIGHTS

  • multi units
  • can be converted to condos
  • great location
  • lots of potential for future capitalization

OVERVIEW

This fantastic investment with lots of potential has just come to market! Buy these 6 units, in the heart of Union City, walking distance to Bergenline Ave, shops, cafes, banks, schools, houses of worship, local and NYC transportation, a stone's throw to Weehawken, Hoboken, Edgewater fine dining and shopping. Each apartment is approximately 650 soft of living space, 4 rooms each consisting of 2 bedrooms, living room, kitchen, 1 bathroom, totaling 3,900 sqft, large full unfinished basement with egress to the large backyard, separate gas, and electrical meters, security system. Landlord pay heat, water, and sewer. One unit will be delivered vacant and 5 fully rented. Sold As Is Where Is. All actual rents are registered with The rent leveling board. The landlord pays for heat, water, sewer and taxes. Tenants pay gas and electric.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$280 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R-MF

APN/PARCEL ID

10-00227-0000-00006

ASK ABOUT THIS PROPERTY

Everth MaradiagaE RealtyMore Info
201-780-2492

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Everth MaradiagaE RealtyMore Info
201-780-2492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.