Active

810-812 22ND ST

Union City NJ, 07087

$3,100,000


Active

18 Baths

Commercial

Prime Investment Opportunity: 18-Unit Multi-Family Complex in Union City Welcome to a lucrative investment opportunity located on 22nd St and Summit in Union City. This impressive multi-family complex consists of two buildings conveniently situated side by side, offering a total of 18 residential units with 5 units being delivered vacant offering an immediate opportunity for value enhancement With a projected gross income of close to $300,000 annually, this property presents a compelling investment proposition. Each unit offers the potential for stable rental income, providing a solid foundation for long-term wealth accumulation. The property boasts an attractive 6%+ Cap Rate, reflecting a favorable return on investment relative to the purchase price. Investors seeking stable cash flow and capital appreciation will find this property aligns with their financial objectives. In summary, this 18-unit multi-family side by side complex in Union City represents an exceptional investment opportunity for investors seeking to expand their real estate portfolio. With its prime location, income potential, value-add opportunities, and promising market dynamics, this property is a rare value add option in today's market.

240004239

MLS ID

March 6, 2024

Listed

July 13, 2024

Updated

Map

810-812 22ND ST
Union City NJ, 07087

Interior Features

Total Stories

3


Total Bathrooms

18


Full Bathrooms

18


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Other Property Details

Area Name

Union City


Days on Market

122


Garage

No


View

No


County

Hudson


Pool

No

Listing History

Date

Event

Price

5/6/2024

Price Change

$3,100,000

-7%

Courtesy of EXP REALTY LLC with ANDREW SANDERSON,
Listing Contact: 866-201-6210 

The IDX display contains information sourced from the Realty Multiple Listing System, Inc. as of 7/13/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 7/13/2024 at 11:33 AM UTC

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