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715 22nd Street

Multifamily | 8 Units | $168,750/unit

Listing Contacts

Active

Asking Price: $1,350,000
Address 

715 22nd St, Union City, NJ 07087

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Date Added
Oct 3, 2024
Days on Market
169 days
Time Since Last Update
2 days

Details

Property TypeMultifamily
SubtypeApartment Building
Investment TypeStabilized
ClassB
Net Rentable (sq ft)3,158
Cap Rate6.24%
Occupancy100%
NOI$84,240
Units8
Year Built1913
Buildings1
Stories3
Lot Size (acres)0.07
Price/Unit$168,750
OwnershipFee Simple

Marketing Description

This 8-unit multifamily property presents a lucrative investment opportunity in a highly desirable location.​ Diversified mix of 1, 2, and 3-bedroom units.​ Operating with efficiency, the property has well-managed expenses, including insurance, taxes, utilities, and a professional management fee.​ With its strong income, efficient expense management, and prime location, this property promises to deliver consistent cash flow and attractive returns.​

Investment Highlights

Diverse Unit Mix - A combination of 1, 2, and 3-bedroom units catering to a broad tenant base.

Well-Maintained - The building features reliable utilities and professionally managed services, reducing future maintenance costs.

Location - Positioned in a high-demand rental market, ensuring tenant stability and potential rent growth. This property stands out as a prime asset for investors looking to expand their portfolio with a stable, income-producing multifamily property. With its strong financials and strategic location, this building is poised for both immediate and long-term profitability.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,240.00
$7,020.00/mo

Valuation Metrics

0
DSCR
6.24%
Cap Rate
6.24%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Broker Information
Broker Name
Tarang Ramani
Broker License
NJ NJ 1867510
Broker Name
Eduardo Lopez
Broker License
NJ 1750970
Brokerage Name
Lee & Associates
Broker Title
Commercial Real Estate Broker
Brokerage Address
611 River Drive, Elmwood Park, United States 07407
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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