2907 Central Ave - Apartments FOR SALE


Union City, NJ 07087
$1,300,000 USD
973-253-2800
2907 Central Ave, Union City, NJ for Sale
$1,300,000 USD
Apartments - FOR SALE
1/39
null | 7.96% Cap Rate

2907 Central Ave
Union City, NJ 07087


OVERVIEW

APPROVED 4 family NO RENT CONTROL 2 units in front house & 2 in back house, The front house rented for $2800 +$2400=$5200 Taxes 11k Lot size 25 X 140 Parking for cars + loading zone for trucks 4 family LOT! 2 homes on one Lot! 2 family each house, front and rear building. 4 unit legal rental income with Prime Location Near NYC, just moments away from the bustling streets of NYC. Property Highlights: 2 buildings on 1 lot! Front Building 1st floor: Rent-ready 2-bedroom apartment fetching $2,400/month. 2nd floor: Spacious 3-bedroom apartment, ready for occupancy at $2,800/month. Bonus: Additional legal 2nd property in the rear lot, including a commercial space of approximately 1400 sqft. Pending city approvals to change to a 3 bed apartment rear building 2nd fl into a 3-bedroom apartment. With zoning and town approval, transform the property into a legal 4-unit (pending), ensuring long-term profitability. large private driveway for 4 cars and designated loading zone in front of building giving you so much parking access. Lot Size 25X139

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

4

PRICE/UNIT

$325,000

CAP RATE

7.96%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 unit-- 2 Buildings 1 Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R

APN/PARCEL ID

10-00162-0000-00018

ASK ABOUT THIS PROPERTY

Bishoy MegallaKeller Williams City ViewsMore Info
973-253-2800

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Bishoy MegallaKeller Williams City ViewsMore Info
973-253-2800

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