2803 Palisade Ave - Apartments FOR SALE


Union City, NJ 07087
$949,000 USD
201-917-5884
2803 Palisade Ave, Union City, NJ for Sale
$949,000 USD
Apartments - FOR SALE
1/22
null | 5.21% Cap Rate

2803 Palisade Ave
Union City, NJ 07087


HIGHLIGHTS

  • Lot Size: 3,000 SF
  • Lot Size Price Per SF: $316/ft
  • Building Size: 5,400 SF
  • Building Size Price Per SF: $176/ft
  • Taxes: $12,980/year
  • Zoning: Mixed-use

OVERVIEW

The Elia Realty Group (ERG) and Ryan Cooper powered by KW Commercial, are proud to present an exciting new opportunity to own this (x6) unit income producing investment sale. Explore the potential of this exceptional 6-unit multi-family investment property nestled in the heart of Union City, NJ. Ideal for new entrants into the market or seasoned investors with a diverse portfolio, this property promises both immediate returns and long- term appreciation. Investment Highlights: Catering to varied tenant needs with a well-balanced assortment of 1, 2, and 3-bedroom units. Enjoy the convenience of nearby shopping, dining, and public transportation options. A lucrative investment with a history of stable rental income. Ideal for: New and Seasoned Investors: A perfect entry point into the lucrative multi-family real estate market. A strategic addition to a portfolio seeking stable returns and future appreciation.

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,167

CAP RATE

5.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Unit Multi-family | Renovated Units | Yard

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R

APN/PARCEL ID

10-00152-0000-00022

ASK ABOUT THIS PROPERTY

Bruce EliaKW Commercial Fort LeeMore Info
201-917-5884

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Bruce EliaKW Commercial Fort LeeMore Info
201-917-5884

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