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810-812 22ND ST
Union City NJ 07087 US

$3,300,000

Active Listing ID 240004239
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$3,300,000

Active Listing ID 240004239
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810-812 22ND ST 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.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 3300000
  • unparsedaddress: 810-812 22ND ST
  • postalcity: Union City
  • stateorprovince: NJ
  • country: US
  • postalcode: 07087
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingareaunits: Square Feet
  • listagentfullname: ANDREW SANDERSON
  • listagentemail: andrew@northjerseygroup.com
  • listagentkey: 3yd-HCMLSNJ-8908
  • listagentmlsid: 8908
  • listagentpreferredphone: 8662016210
  • listagentofficephone: 8662016210
  • listofficekey: 3yd-HCMLSNJ-2068
  • listagentstatelicense: 0791016
  • listofficemlsid: 2068
  • disclaimer: Copyright © 2024 Hudson County Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: HCMLSNJ
  • listingcontractdate: 2024-03-06
  • countyorparish: Hudson
  • numberofunitstotal: 18
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/HCMLSNJ/240004239/?channel=rexren", "LeadRoutingEmail":"andrew@northjerseygroup.com", "BrokerName":"eXp Realty, LLC", "ListingTitle":"Investment - Union City, NJ", "ListOfficeBrokerMlsId":"17491", "ListOfficeEmail":"NJ.BROKER@EXPREALTY.NET", "ListOfficeAddress1":"28 VALLEY ROAD", "ListOfficeAddress2":null, "ListOfficeCity":"MONTCLAIR", "ListOfficePostalCode":"07042", "ListOfficeStateOrProvince":"NJ", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"eXp Realty, LLC", "ListBrokeragePhone":"(866) 201-6210", "ListBrokerageEmail":"NJ.Broker@eXpRealty.net", "ListBrokerageWebsiteUrl":null, "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/HCMLSNJ/af0b44210cc211e881f30242ac110003/20191204120403674.png", "ListBrokerageUnparsedAddress":"28 Valley Rd Ste 1", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Montclair", "ListBrokerageStateOrProvince":"NJ", "ListBrokeragePostalCode":"07042", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-04-22T17:21:32Z", "Neighborhoods":[{"Name":"Union City", "Description":null}], "Taxes":[{"TaxYear":null, "TaxAnnualAmount":32135, "TaxDescription":null}]}
Listing Changed: 4/22/2024 7:44:02 PM GMT
Source Updated Date: 5/5/2024 6:43:15 AM GMT

Courtesy of: ANDREW SANDERSON, EXP REALTY LLC, andrew@northjerseygroup.com

Copyright © 2024 Hudson County Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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