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 Beds


Bathrooms

3.5 Baths


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 

The IDX display contains information sourced from the Realty Multiple Listing System, Inc. as of 4/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 4/1/2024 at 3:39 PM UTC

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