608 New York Ave, Union City

$449,000

2 Beds
1½ Baths
0 Sqft
0 Acres
0 Garages

Great location in rapidly growing area of Union City! Large mix-use building on 25x100 lot with 100% lot coverage. 2200 sqft retail space with 12 ft high ceilings and no columns on New York Ave, month to month tenant paying $1530/mo, no rent control, possible to increase rent over $2000/mo with improvements to building. 2nd floor 2 bedroom apartment recently renovated and rented for $1700/mo. Easy access to bus into NYC and major highways. Collect immediate income with over 6% cap rate or raise rents to market and enjoy over 8% CAP and hold as an investment or open that business you always wanted. Do not disturb tenants. Contact agent for access. Note this property requires a commercial loan or cash purchase.

Essential Information
MLS® #202005322
Price$449,000
Bedrooms2
Bathrooms1.50
Full Baths1
Half Baths1
Acres0.00
TypeMulti-Family
Sub-Type2 Family
StatusACTIVE
Style

Multi-Level, Loft, Other-See Remarks

Community Information
Address608 New York Ave
AreaUnion City
CityUnion City
CountyHudson
StateNJ
Zip Code07087
Amenities
ParkingNone
Interior
HeatingBaseboard, Gas, A/C Window
Has BasementYes
BasementUnfinished, Full
Exterior
ExteriorBlock
Lot Description25x100
Additional Information
Date ListedMarch 18th, 2020
Days on Market19
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Listing information last updated on April 6th, 2020 at 11:03am CDT.

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