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810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
810-812 22ND ST
commercial

810-812 22ND ST

810-812 22ND ST, Union City, NJ 07087

$2,550,000

  • 18 FULL BATHS
commercial

Property Description

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.

Overview

Property Type
Commercial
Location
810-812 22ND ST, Union City, NJ 07087
MLS ID
240004239
Listing Last Updated

Property Features & Amenities

Interior

Total Rooms
0
Full Bathrooms
18

Exterior

Stories
3

Details

Neighborhood
Jersey City

Financial

Price
$2,550,000

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    Jersey City

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