2907 Central Ave - Apartments FOR SALE


Union City, NJ 07087
$1,850,000 USD
973-234-2307
2907 Central Ave, Union City, NJ for Sale
$1,850,000 USD
Apartments - FOR SALE
1/66
null | 7.36% Cap Rate

2907 Central Ave
Union City, NJ 07087


OVERVIEW

RARE 4-FAMILY INVESTMENT OPPORTUNITY – 2 HOMES ON 1 LOT! A unique and fully renovated 4-family property with NO RENT CONTROL, offering a prime opportunity for both investors and end users. This rare setup features two separate 2-family homes on one oversized 25' x 140' lot – a front house and a rear house – providing exceptional rental income and privacy. Front Property: Renovated Units Currently rented for $2,800 and $2,500 ($5,300 total/month) Rear Property (New Construction): 1st Floor: 3-Bedroom unit rented for $3,500/month 2nd Floor: 4-Bedroom unit rented for $4,300/month Total rear building income: $7,800/month Total Monthly Rental Income: $13,100 Annual Gross Income: $157,200 Low Taxes: $11,000/year Private Parking for Multiple Cars. This property is perfect for any savvy investor looking for strong cash flow in a high-demand rental market. Located in the heart of Union City, close to public transportation, schools, shops, and minutes to NYC. Don’t miss your chance to own a high-yield asset in one of Hudson County's fastest-growing neighborhoods.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$355 USD /SF

# OF UNITS

4

PRICE/UNIT

$462,500

CAP RATE

7.36%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 unit-- 2 Buildings 1 Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R

APN/PARCEL ID

10-00162-0000-00018

ASK ABOUT THIS PROPERTY

Bishoy MegallaKeller Williams City ViewsMore Info
973-234-2307

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Bishoy MegallaKeller Williams City ViewsMore Info
973-234-2307

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