TURNKEY INVESTMENT PROPERTY
Union City, New Jersey, United States

USD 3,798,000 Price

16 Beds 16 Baths

Listing Details
Union City, United States
Townhouse
Web ID: 23225963
Listing Agent(s)
Westley Page
wpage@bhsusa.com
Brown Harris Stevens
Peter Cossio
pcossio@bhsusa.com
Brown Harris Stevens

Incredible investment opportunity for a truly turnkey property in a prime location. Built in 2018, this property consists of two oversized buildings featuring eight spacious two-bedroom, two-bathroom units, generating an impressive $182,408 in net annual income with a CAP rate of approx. 5%. Each unit has separate utilities, with tenants responsible for their own water, gas, electricity, and sewer expenses. The total building spans 16,572 square feet, with individual apartment sizes ranging from 1,076 to 1,235 square feet, situated on a combined lot measuring 50 x 178. This property offers 12 dedicated parking spaces, ensuring each unit has its own assigned spot, while two units also feature private patios. Moreover, any unused parking spots present an excellent opportunity for additional
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