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12 Unit + 1 Separate Commercial Space Low Rise Building

Low Rise 4 Story Building, With Detached Commercial Space

Listing Contacts

Active

Asking Price: $1,792,000

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Address 

3501 Hudson Ave, Union City, NJ 07087

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Date Added
Sep 24, 2023
Days on Market
544 days
Time Since Last Update
10 days

Details

Property TypeMultifamily
SubtypeApartment Building, commercial Space
ClassC
Cap Rate6.50%
NOI$116,494
Units13
Year Built1930
Buildings2
Stories4
Price/Unit$137,846.15

Marketing Description

Traditional low rise building (3501) is located at the intersection of Hudson Avenue and 35th Street.​ A mixed-use building offers a total of 13 rented units including 1 commercial store.​

13 UNITS

List Price $1,792,000

NOI $116,494

CAP RATE 6.5%

(9) 6ine apartments are 2 bedroom 1 bath each

(3) 3 apartments are 3 bedrooms 1 bath.​

(1) 3 1 bed apartments

(1) Commercial Space / Detached Building .​ Tenant Pays Utilities

______________________________________________________________________________

13 Units Total

  • Tenants Pay Electric and Cooking Gas ( separate meters in Basement)

  • Owner Pays Heat and Hot Water ( 1 Large Furnace with 2 Water Heaters in Basement)

  • Commercial Space Tenant Pays Utilities

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$116,494.00
$9,707.83/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI
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Broker Information
Broker Name
Clay Mason
Broker License
NJ 0678808
Brokerage Name
LivX
Broker Title
Commercial Broker
Brokerage Address
29 Evans Place, Pompton Plains, United States 07444
Broker Name
Garima Verma
Broker License
NJ NJ 1859462, NJ 1859462
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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