Great Investment Property in Union City. 5 apartment property & about 3966 sqft. Vacant land used as 6 car parking lot.
Property in good condition & fully vacant. Solid bones. Corner location. Potential for retail on land. Good sized apartments. Solid Business Investment. Fantastic booming rental area in the heart of Union City.
• A must see, located in the heart of Union City Renters Market.
• Located door steps from the bus stop direct to journal square,
• 10-15 mins drive to NYC
• Solid paying tenants
• within 5 mins walk to grocery stores, laundry mat & banks
• close to all mass transp
• close to all shopping centers
• Awesome empire state building views
Priced Aggressively P.O.F. of Prequa prior to showings
Seller financing available.
ARV: (after repair value): $1,150,000.00
Purchase Price: $660,000.00
Repairs: $90,000.00
Profit: $375,000.00
Parking Lot rents for $1,500.00
Gross Potential Income: $108,600.00
Expenses
Water & Sewer: $6,000.00
Electrical & Heat: $4,440.00
Annual Property Taxes: $9,556.00
Property Insurance: $2,500.00
Net Profit: $86,104
Cap Rate: 13.05%
For more Information Contact:
William (347) 709-4559
Michelle (646) 379-5332