Description
PRICE REDUCTION !!! Come and see ...A rare opportunity in today's real estate market. We offer this four family property that provides privacy to each family as every unit occupies the whole floor. There are two buildings on which one is behind the other on a 25X100 lot. Located in Union City, this City is the most accessible town in NJ to Manhattan by bus/driving. This property has two floors on each building. The front has two units with 3 bedrooms each and 1 full bath and and the other unit also has 3 bedrooms and 2 baths. The other building is located in the back. It has its own privacy with each of the two units occupying each floor as well. Both apartments has two beds and one full bath. All 4 units combined, this property will generate an income of $68,741.40 this year 2023 and more every year with its rental increase. The owner offers an FHA assumable mortgage, already approved by the mortgage servicer, with a very attractive interest rate. For cap rate worksheet, See the attached. This sale is strictly "As Is". Buyer is responsible to obtain certificate of occupancy.
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10BEDS
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N/AACRES
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5BATHS
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01/2 BATHS
School Ratings & Info
Description
PRICE REDUCTION !!! Come and see ...A rare opportunity in today's real estate market. We offer this four family property that provides privacy to each family as every unit occupies the whole floor. There are two buildings on which one is behind the other on a 25X100 lot. Located in Union City, this City is the most accessible town in NJ to Manhattan by bus/driving. This property has two floors on each building. The front has two units with 3 bedrooms each and 1 full bath and and the other unit also has 3 bedrooms and 2 baths. The other building is located in the back. It has its own privacy with each of the two units occupying each floor as well. Both apartments has two beds and one full bath. All 4 units combined, this property will generate an income of $68,741.40 this year 2023 and more every year with its rental increase. The owner offers an FHA assumable mortgage, already approved by the mortgage servicer, with a very attractive interest rate. For cap rate worksheet, See the attached. This sale is strictly "As Is". Buyer is responsible to obtain certificate of occupancy.
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Data last updated: 2023-09-21T21:25:55.207.