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Jamille Hernandez

jamille@3sixtyrealtynj.com +1(973) 405-7766

$ 1,295,000

Est. payment | -/mo

9,999 SqFt

Save

$ 1,295,000

Est. payment | -/mo

Save

9,999 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,999 sqft

Price per Sqft $129

MLS Listing ID 4049643

Year Built 1910

Annual Tax Amount $14,140

Tax Year 2025

Lot Size 2,613 Sqft

Property Sub-Type Mixed Use

Property Description

Exceptional value-add mixed-use investment opportunity in the heart of Union City! Ideal for a 1031 exchange or owner-occupant, this income-producing property features 4 one-bedroom residential apartments, 2 street-level commercial storefronts (approximately 700 SF each with basement storage), plus a separate rear auxiliary structure with city-approved approvals already in place for an additional residential unit. The residential apartments are primarily occupied by long-term month-to-month tenants, creating immediate upside through future rent increases. The commercial spaces are occupied by established long-term tenants (CBD store & salon) on annual leases that have consistently renewed, providing stable income while allowing for future rental adjustments. The approved rear auxiliary structure has already been gutted and is ready to be completed into a spacious 2-bedroom residence, with potential for a 3-bedroom layout perfect for an owner to occupy while collecting income from the remaining units, or as an additional rental generating an estimated $2,400-$2,700/month. Once completed, projected NOI is approximately $104,500/year with strong upside as rents are brought to market. Recent capital improvements include upgraded electric and gas meters. Separate gas and electric utilities, public water, public sewer, and natural gas with tenants paying their own utilities keep operating expenses low, making this an outstanding investment just minutes from New York City.

Location

State NJ

County Hudson

Zoning C

Rooms

Basement Full, Unfinished

Interior

Heating Electric, Gas-Natural, See Remarks

Cooling Window A/C(s)

Equipment See Remarks

Heat Source Electric, Gas-Natural, See Remarks

Exterior

Exterior Feature See Remarks, Vinyl Siding

Utilities Available All Underground, Electric, Gas-Natural

Roof Type Rubberized, See Remarks

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by WEICHERT REALTORS

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(973) 405-7766

jamille@3sixtyrealtynj.com

111 Northfield Ave, West Orange, NJ 07052, USA

913 Summit Ave Union City, NJ 07087

Jamille Hernandez

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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913 Summit Ave