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Listed by Jill Biggs Coldwell Banker, Hoboken
$ 899,000
Est. payment /mo
New
509 Monastery PL Union City, NJ 07087
8 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26038469
Style 4 Family
Bedrooms 8
Full Baths 5
Property Sub-Type 4 Family
Property Description
Prime Union City Investment Opportunity. Unlock the potential of this substantial 4-family property with a bonus studio. Perfectly situated right off Bergenline Avenue and just West of Reservoir Park in one of Hudson County’s most convenient locations. Access to NYC within minutes keeps tenant demand in the area high. One unit currently vacant and ready to be renovated on the main floor. Great for either an owner occupier or investor. The three additional units offer immediate cash flow, with all tenants on month-to-month leases. Income potential as is of approximately $80,000 per year and 6% cap rate with plenty of room for improvement. Additionally there is a back building and large basement complete with another full bath. Currently used as storage, these spaces have tons of potential for future customization. Bring your vision to life with this incredibly flexible investment property in an ideal location.
Location
State NJ
County Hudson
