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1213 Bergenline Avenue

Union City, NJ 07087
  • $1,199,999
  • STATUS: Active
  • ON SITE: 86 Days
  • MLS #: 22215719
UPDATED: 14 min ago
$1,199,999
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Description

OPPORTUNITY To purchase a 6 family with garage in the heart of Union City. Rent roll WAY BELOW MARKET VALUE at a current $8300 a month with all tenants being on month to months but have been there for years. The possibilities are endless here with either purchasing and holding or raising rent value and creating more value on your money. With a net income of $6500 monthly at asking is a 6.5% cap but with real market rent roll looking at closer to 10k net conservative would bring to closer to a 9 cap for any savvy investor there's a deal to be had here! Location growing value by the day and possibilities are endless here for excellent financial returns!

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© 2022 Monmouth-Ocean MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or Kay Platinum Real Estate Group | EXP Realty. Data last updated 2022-08-19T13:21:05.093.
www.kayplatinumgroup.com/homes/129044183
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1213 Bergenline Avenue Union City, NJ 07087

  • Price: $1,199,999
  • Status: Active
  • On Site: 86 Days
  • Updated: 14 min ago
  • MLS #: 22215719
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1910
Built
County:
Hudson
Area:
Union City (UNO)
Property Description
OPPORTUNITY To purchase a 6 family with garage in the heart of Union City. Rent roll WAY BELOW MARKET VALUE at a current $8300 a month with all tenants being on month to months but have been there for years. The possibilities are endless here with either purchasing and holding or raising rent value and creating more value on your money. With a net income of $6500 monthly at asking is a 6.5% cap but with real market rent roll looking at closer to 10k net conservative would bring to closer to a 9 cap for any savvy investor there's a deal to be had here! Location growing value by the day and possibilities are endless here for excellent financial returns!
Exterior Features

Garage No Lot Dimensions 25 X 100 Pool YN No Water View No Waterfront No

Interior Features

Basement Slab Basement YN No Heat AC Central Air Heat Fuel Baseboard Water Heater Natural Gas

Property Features

Assessment Status To Be Assessed Assessment Total 0.00 Deed Restrictions No Multifamily Type Six Family Owner Individual(s) Tax Year 2021 Taxes 13611.00 Water Sewer Public SewerPublic Water

Listing information © 2022 Monmouth-Ocean MLS. Listing provided courtesy of Aleksandr Pritsker of Exp Realty.


© 2022 Monmouth-Ocean MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or Kay Platinum Real Estate Group | EXP Realty. Data last updated 2022-08-19T13:21:05.093.
 
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Kay Platinum Real Estate Group | EXP Realty
966 Shoppes Blvd
North Brunswick Township NJ, 08902