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610 12TH ST

Union City, NJ 07087
  • $1,899,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 240020403
UPDATED: 18 min ago
$1,899,000
  • 8
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

Incredible investment opportunity for a truly turnkey property in a prime location. Built in 2018, this property consists of four spacious two-bedroom, two-bathroom units, generating an impressive $90,184 in net annual income with a CAP rate of approx. 5%. Each unit has separate utilities, with tenants responsible for their own water, gas, electricity, and sewer expenses. The total building spans 8,286 square feet, with individual apartment sizes ranging from 1,076 to 1,235 square feet, situated on a lot measuring 25 x 178. This property offers 6 dedicated parking spaces, ensuring each unit has its own assigned spot, while one unit also feature a private patio. Moreover, any unused parking spots present an excellent opportunity for additional rental income. These modern apartments boast individual washers and dryers, red oak hardwood flooring, central heating and air conditioning, granite countertops, stainless steel appliances, and granite counters and mosaic tile in the kitchens and classic subway tile in the bathrooms. The building is equipped with a central reporting fire alarm, security systems, and a whole building sprinkler system. Conveniently located near major highways (Route 3, 495, & 9) and public transportation options, including bus service to Port Authority that takes less than 30 minutes, this property is also close to parks, restaurants, shopping, and grocery stores. The buildings at 610 12th Street and 612 12th Street can be packaged together. Union City is an outstanding investment area, and finding a property in such exceptional condition is a rare opportunity.

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© 2024 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or PRIME Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than PRIME Real Estate Group are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2024-11-14T11:26:45.907.
www.bestofhobokenhomes.com/homes/156814430
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610 12TH ST Union City, NJ 07087

  • Price: $1,899,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 18 min ago
  • MLS #: 240020403
8
Beds
8
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Union City
County:
Hudson
Area:
Union City
Property Description
Incredible investment opportunity for a truly turnkey property in a prime location. Built in 2018, this property consists of four spacious two-bedroom, two-bathroom units, generating an impressive $90,184 in net annual income with a CAP rate of approx. 5%. Each unit has separate utilities, with tenants responsible for their own water, gas, electricity, and sewer expenses. The total building spans 8,286 square feet, with individual apartment sizes ranging from 1,076 to 1,235 square feet, situated on a lot measuring 25 x 178. This property offers 6 dedicated parking spaces, ensuring each unit has its own assigned spot, while one unit also feature a private patio. Moreover, any unused parking spots present an excellent opportunity for additional rental income. These modern apartments boast individual washers and dryers, red oak hardwood flooring, central heating and air conditioning, granite countertops, stainless steel appliances, and granite counters and mosaic tile in the kitchens and classic subway tile in the bathrooms. The building is equipped with a central reporting fire alarm, security systems, and a whole building sprinkler system. Conveniently located near major highways (Route 3, 495, & 9) and public transportation options, including bus service to Port Authority that takes less than 30 minutes, this property is also close to parks, restaurants, shopping, and grocery stores. The buildings at 610 12th Street and 612 12th Street can be packaged together. Union City is an outstanding investment area, and finding a property in such exceptional condition is a rare opportunity.
Exterior Features

Exterior Finish BrickWood Lot Size 25x177 Parking AttachedCoveredGarage Style Multi-Level

Interior Features

Basement None Floor1 Rooms 5 Floor2 Rooms 5 Floor3 Rooms 5 Floor4 Rooms 5 Heating Cooling A/C CentralHot AirGasHot Water Level1 Baths 2 Level1 Bedrooms 2 Level2 Baths 2 Level2 Bedrooms 2 Level3 Baths 2 Level3 Bedrooms 2 Level4 Baths 2 Level4 Bedrooms 2 Total Other Rooms 4

Property Features

Basement Rent 215 Exclusions Owner or tenant personal belongings. Floor1 Rent 2370 Floor2 Rent 2405 Floor3 Rent 2490 Floor4 Rent 2675 Inclusions All major kitchen appliances including: refrigeratoroven/range-gaswasher and dryer. Internet Yes Lead Paint Form No Multifamily Type 4 Family Taxes 26716

Listing provided courtesy of BROWN HARRIS STEVENS NEW JERSEY:201-478-6700.


© 2024 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or PRIME Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than PRIME Real Estate Group are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2024-11-14T11:26:45.907.
 
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PRIME Real Estate Group
98 Park Avenue
Hoboken NJ, 07030