18
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$1,250,000
Est. payment /mo
5.5 Baths
Active
1505 SUMMIT AVE Union City, NJ 07087
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250006085
Full Baths 5
Half Baths 1
Annual Tax Amount $15,306
Property Sub-Type Investment
Property Description
Great opportunity to acquire a desirable 6 unit asset. Composed of one bedroom and two bedroom units adds great value in gross rents, with low expenses yielding a 6% plus cap rate makes this opportunity much more than an average purchase. Building has been remodeled, some units and has updated utilities, well maintained water heaters and boilers. Near public transportation to NY, highways, schools, shopping, parks and restaurants.
Location
State NJ
County Hudson
Area Union City
Listed by PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY