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$ 874,000
Est. payment /mo
Price Dropped by $25K
505 5TH ST Union City, NJ 07087
11 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250002222
Bedrooms 11
Full Baths 4
HOA Fees $3/mo
Annual Tax Amount $16,160
Tax Year 2024
Property Sub-Type 4 Family
Property Description
Discover a prime investment opportunity in the heart of Union City! This newly renovated 4-family property has updated amenities, ensuring a steady and reliable rental income. Property highlights include updated kitchens and bathrooms in all units, providing a fresh and contemporary living space. All units are currently rented, guaranteeing immediate income for the new owner. Split utilities, so tenants are responsible for their own utilities, reducing overhead costs for the landlord. Three apartments are large spacious 3 bedrooms, 1-bathroom units. One apartment is 2 bedrooms, 1 bathroom and currently vacant. All tenants are on month-to-month leases. This property is perfect for investors looking to expand their portfolio with a low-maintenance, high-return assets.
Location
State NJ
County Hudson
Area Union City
Rooms
Basement Full, Unfinished, Walk-Out
Interior
Heating A/C Window, Baseboard
Cooling A/C Window, Baseboard
Exterior
Exterior Feature Brick
Parking Features None
Listed by REMAX CENTRAL