Active
201 16TH ST
Union City NJ, 07087
$1,398,000
Active
6 Beds
3.5 Baths
Multi-family
Introducing a prime investment opportunity in the heart of Union City on the corner of 16th and Manhattan Ave, this mixed-use building seamlessly blends commercial success with residential comfort. The ground floor boasts a thriving restaurant, Fork Hill Kitchen, providing a bustling atmosphere for patrons and ensuring a steady stream of income for investors. Upstairs, discover 3 updated and spacious 2 bedroom and 1 bath apartments, each designed for modern living. The apartments offer a perfect balance of style and functionality, attracting potential tenants seeking contemporary comforts. With separate gas and electric utilities for each unit, the new owner won't have to worry about unnecessary carrying costs. Recent upgrades include a two-year-old roof and two brand-new water heaters. This turnkey investment opportunity promises a lucrative return, combining a successful restaurant venture with updated residential spaces in a prime location. Investors looking for a diversified and profitable asset should seize this chance to capitalize on the thriving potential of this mixed-use gem.
240000858
MLSⓇ ID
January 11, 2024
Listed
April 1, 2024
Updated
Map
201 16TH ST
Union City NJ, 07087
Interior Features
Bedrooms
6
Total Bathrooms
3.5
Fireplace
No
Cooling
Yes
Cooling Description
A/C Window
Heating
Yes
Heating Description
Baseboard, Gas
Exterior/Building Features
Architectual Style
Other-See Remarks
Other Property Details
Area Name
Union City
Days on Market
81
Garage
No
Parking
None
View
No
County
Hudson
Pool
No
Listing History
Date | Event | Price |
---|---|---|
4/1/2024 | Price Change | $1,398,000 -11% |
Courtesy of EXP REALTY LLC with DEAN CLARK,
Listing Contact: 866-201-6210
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Data last updated on 4/1/2024 at 3:39 PM UTC