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12054617
13470051

3 Locations

CM
NJ 0678808, FL BK3569748
LivX
Listed by LivX
$1,300,000
148 days on market
Updated 21 days ago

9 Units Low Rise Building / Condos

Details
APN 0910_201_4_C3332
Property Type Multifamily
Sub Type Apartment Building, condo (+1)
Units 9
Cap Rate 6.88%
NOI $89,378
Occupancy 100%
Broker Co-Op Yes
Class C
Year Built 1963
Buildings 3
Stories 2
Acreage 0.118
Zoning RMF
Parking Spaces 4 spaces
Investment Type Stabilized
Ownership private

Multifamily | 9 Units | $144,444/unit

Marketing description

Unlock an exceptional investment opportunity in Union City, New Jersey! Presenting a meticulously curated portfolio of three charming, low-rise brick buildings (3301, 3303, & 106) at the vibrant intersection of Pleasant Avenue and 33rd Street. This captivating bundle offers a total of nine 2-bedroom, 1-bath units, each filled with tenants who contribute to a steady cash flow by paying their own electric heat and gas.

Enhanced with 4 exclusive parking spaces and located in a sought-after locale close to Weehawken, these buildings stand merely a minute away from the Port Authority of NY and NJ. Imagine being able to reach Hudson Yards, the Garment District, or Madison Square Garden within just 10 minutes via the Lincoln Tunnel!

These rent-stabilized properties not only boast a strong, consistent rental history but also come with the advantage of being fully rented and well-maintained throughout the years. With an enticing cap rate of approximately 6.88%, this investment is an indispensable addition to your portfolio.

Each unit is an individual condominium, allowing for separate taxation—streamlining management and enhancing profitability. Don’t let this lucrative opportunity for passive income and long-term comfort slip through your fingers. Contact Clay Mason today to schedule your exclusive showing or to address any inquiries.

📞 Call Clay Mason: 908 304 2675

Seize this chance to diversify and strengthen your investment horizon—reach out now!

Investment highlights

Listing Contacts

CM
NJ 0678808, FL BK3569748
LivX
Listed by LivX

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,378.00
$7,448.17/mo

Valuation Metrics

0
DSCR
6.88%
Cap Rate
6.88%
ROI

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Additional Information

Name
Clay Mason
License
0678808
Title
Broker of Record
Name
Clay Mason
License
0678808
Brokerage
LivX
Title
Commercial Broker
Brokerage Address
29 Evans Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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