610 12TH ST
Union City, NJ 07087
8 baths | #240020403
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.
Interior Details
- Bathrooms8
Property Details
- Lot Description25x177
Parking
- Parking SpacesAttached, Covered, Garage
Construction Details
- Property TypeMulti-Family
Community and Neighborhood Details
- SubdivisionNJ
Location
- CountyHudson
Other
- MLS #240020403
Location
Legal
IDX information for Hudson Multiple Listing Service 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. Data is deemed reliable but is not guaranteed accurate by the MLS.
Last Updated:Â . Source: HUDSON
Listing Courtesy
Listing Agent: WESTLEY PAGEÂ (#15860), Phone: 201-478-6700, Email: wpage@bhsusa.com
Listing Office: BROWN HARRIS STEVENS NEW JERSEY (#1183)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.