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$ 874,999
Est. payment /mo
Price Dropped by $24K
505 5th Street Union City, NJ 07087
11 Beds
4 Baths
3,150 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Four Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,150 sqft
Price per Sqft $277
Municipality Union City (UNO)
MLS Listing ID 22501507
Bedrooms 11
Full Baths 4
Originating Board MOREMLS (Monmouth Ocean Regional REALTORS®)
Year Built 1900
Annual Tax Amount $15,728
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 25 x 100
Property Sub-Type Four Family
Property Description
Discover a prime investment opportunity in the heart of Union City! This newly renovated 4-family property has updated amenities, ensuring a steady and reliable rental income. Property highlights include updated kitchens and bathrooms in all units, providing a fresh and contemporary living space. All units are currently rented, guaranteeing immediate income for the new owner. Split utilities, so tenants are responsible for their own utilities, reducing overhead costs for the landlord. Three apartments are large spacious 3 bedrooms, 1-bathroom units. One apartment is 2 bedrooms, 1 bathroom and currently vacant. All tenants are on month-to-month leases. This property is perfect for investors looking to expand their portfolio with a low-maintenance, high-return assets.
Location
State NJ
County Hudson
Area None
Direction 505 5th Street, Union City, NJ 07087
Rooms
Basement Full
Interior
Heating Baseboard
Cooling Other
Exterior
Parking Features On Street, None
Roof Type Flat
Garage No
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 10-00016-0000-00007
Listed by RE/MAX Central