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.
AVENUE RESIDENTIAL (201) 205-2161
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Listing information last updated on April 6th, 2020 at 11:03am CDT.