1213 Bergenline Ave - Apartments FOR SALE


Union City, NJ 07087
$885,000 USD
732-688-3819
1213 Bergenline Ave, Union City, NJ for Sale
$885,000 USD
Apartments - FOR SALE
1/7
null | 7.23% Cap Rate

1213 Bergenline Ave
Union City, NJ 07087


HIGHLIGHTS

  • Free Standing Brick 6 Family Building with a detached garage, on a corner lot and additional parking spot for extra income.
  • All units have a box layout with Hardwood floors, tiled baths, wood trim moldings and baseboard heat that tenants pay for.
  • Location is KEY... near Lincoln Tunnel, Hoboken border, Hudson-Burgen Light Rail, Parks and Restaurants.

OVERVIEW

OPPORTUNITY To purchase a 6 family with garage in the heart of Union City. Rent roll WAY BELOW MARKET VALUE at a current $7303.61 a month with all tenants being on month to months but have been there for years. The possibilities are endless here with either purchasing and holding or raising rent value and creating more value on your money. With a net income of $63,222 per yr at asking is a 7%cap but with Location growing value by the day and possibilities are endless here for excellent financial returns! Rent Roll -Gross $87,643 Expenses: Insurance $5510, Taxes $13611, Water/sewer Avg $2300/yr, Maint. $3000 email Russ101nj@gmail.com with any questioins or LOI Russell Milman 718-915-7050

FOR SALE DETAILS

PRICE

$885,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

6

PRICE/UNIT

$147,500

CAP RATE

7.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R, Union City.

APN/PARCEL ID

10-00060-0002-00001

ASK ABOUT THIS PROPERTY

Aleksandr PritskereXp RealtyMore Info
732-688-3819

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Aleksandr PritskereXp RealtyMore Info
732-688-3819

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