814-816 Summit Ave - Apartments FOR SALE


Union City, NJ 07087
$1,698,000 USD
908-433-7999
814-816 Summit Ave, Union City, NJ for Sale
$1,698,000 USD
Apartments - FOR SALE
1/29
null | 6.93% Cap Rate

814-816 Summit Ave
Union City, NJ 07087


HIGHLIGHTS

  • Heavy daytime vehicular & foot traffic
  • Fully occupied
  • Rear municipal parking lot

OVERVIEW

Commercial Mixed-Use. Prime Investment Opportunity in Union City. Eight residential units plus a commercial retail store that can be used as two stores in the future as building is 100% occupied. The retail space has high ceilings and includes a full basement, providing additional storage or functional space. Tenants pay seperate utilities: electric, heat, hot water and cooking gas.. Inquire for full details on income and expenses. Great income with upside potential. Lot size 50x108. Located in a highly desirable area with heavy foot traffic.

FOR SALE DETAILS

PRICE

$1,698,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

8

PRICE/UNIT

$212,250

CAP RATE

6.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed Used Building 8 Apt. 2 stores for sale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C, Union City.

APN/PARCEL ID

10-00042-0000-00005

ASK ABOUT THIS PROPERTY

Andrew BotticelliCompassMore Info
908-433-7999

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Andrew BotticelliCompassMore Info
908-433-7999

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