2513 West St - Apartments FOR SALE


Union City, NJ 07087
$1,099,000 USD
2513 West St, Union City, NJ for Sale
$1,099,000 USD
Apartments - FOR SALE
1/26
null | 6.5% Cap Rate

2513 West St
Union City, NJ 07087


HIGHLIGHTS

  • 2513 West Street is in an excellent location close to shopping, schools, and all mass transportation.
  • The seven-unit apartment building is 100% occupied with strong market fundamentals in a dense, commuter-friendly area with continuous rental demand.
  • Residents find it easy to commute into Midtown Manhattan.
  • The units are box-style two-bedroom apartments to maximize livability and rental desirability.

OVERVIEW

Century 21 Preferred is pleased to present 2513 West Street, a prime multifamily investment opportunity in the heart of Union City, NJ. This well-maintained, all-brick building consists of seven fully occupied residential units, each featuring a box layout with two bedrooms and one bathroom. The property generates stable rental income with strong tenant retention, making it a turnkey asset for investors seeking a secure and cash-flowing asset. The property has one furnace, and the owner pays for the heat. There are also two hot water tanks, and the owner pays for the hot water. Financial Overview: Gross Annual Income - $121,064 Operating Expenses - $50,025 Net Operating Income (NOI) - $71,039 Cap Rate - 6.5% - The cap rate is in line with Union City Market share.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

7

PRICE/UNIT

$157,000

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R

APN/PARCEL ID

10-00143-0000-00014

ASK ABOUT THIS PROPERTY

Diane RiveraC21 PreferredMore Info

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

Diane RiveraC21 PreferredMore Info

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