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1101 Summit Ave
Mixed Use | 6.50% CAP
Listing Contacts
LivXLicense: FL BK3569748, NJ 0678808
Active
Asking Price: $975,000
Address
1101 Summit Ave, Union City, NJ 07087
Show on MapDate Added
Apr 9, 2024
Days on Market
376 days
Time Since Last Update
16 days
Details
Marketing Description
Attention, astute investors! Here's your golden ticket to lucrative returns: a fully rented, income-generating 5-unit mixed-use building strategically situated in the vibrant heart of Union City, a mere 5 miles from the bustling metropolis of Manhattan, New York. Boasting a prime location, this property features two units on each floor, each offering 2 bedrooms and 1 bathroom, ensuring consistent rental income streams. Additionally, the ground floor hosts a lucrative takeout restaurant, catering to the bustling local community. With a full unfinished basement boasting high ceilings and docking facilities, there's untapped potential for further development or expansion. Plus, enjoy the convenience of separate utilities for each unit, streamlining management and maximizing profitability. This is an unmissable opportunity to add a high-performing asset to your portfolio in one of the most desirable real estate markets. Seize the moment and secure your investment success today!"
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,380.00
$5,281.67/mo
Valuation Metrics
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0
DSCR
6.5%
Cap Rate
6.5%
ROI
Property History
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Due Diligence
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Listing Contacts
- LivXLicense: FL BK3569748, NJ 0678808
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Additional Information
Additional 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
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