2814-2819 Summit Ave - Apartments FOR SALE


Union City, NJ 07087
$2,813,000 USD
201-592-8900
2814-2819 Summit Ave, Union City, NJ for Sale
$2,813,000 USD
Apartments - FOR SALE
1/8
null | 6.09% Cap Rate

2814-2819 Summit Ave
Union City, NJ 07087


HIGHLIGHTS

  • Convenient access to major highways and commute to NYC.
  • Includes recently renovated large single family home with oasis.

OVERVIEW

Please call Karen Phillips 201-232-9923 for details. This property package entails two separate deeds (2815 Summit Avenue and 2819 Summit Avenue). Seize this unique investment opportunity with a distinctive package of three adjacent properties in Union City, comprised of 10 units. The collection includes a beautifully renovated, expansive single-family home with an attached apartment, a fully-occupied five-unit building, and an additional three-family property. Highlights also include a charming courtyard, a two-car garage, and three single-car garages. With off-street parking and room for further enhancements, this versatile portfolio supports various investment strategies. It’s perfect for those wanting to enjoy a high-quality residence while generating income from well-maintained units, or for investors aiming to increase property value by adding one to two more units to the single-family home. Additionally, the three-family property is not subject to rent control, offering the flexibility to optimize rental income and take full advantage of market rates. Don’t miss out on this lucrative opportunity! Easy access to Route 495, Route 3, and just minutes from the Lincoln Tunnel, providing a direct route to New York City.

FOR SALE DETAILS

PRICE

$2,813,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

10

PRICE/UNIT

$281,300

CAP RATE

6.09%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,791 SF

ZONING

R

APN/PARCEL ID

10-00158-0000-00007,10-00158-0000-00008

ASK ABOUT THIS PROPERTY

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201-592-8900

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