Active

612 12TH ST

Union City NJ, 07087

$1,899,000


Active

8 Beds

8 Baths

Multi-family

Incredible investment opportunity for a truly turnkey property in a prime location. Built in 2018, this property consists of four spacious two-bedroom, two-bathroom units, generating an impressive $92,224 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 8,286 square feet, with individual apartment sizes ranging from 1,076 to 1,235 square feet, situated on a lot measuring 25 x 178. This property offers 6 dedicated parking spaces, ensuring each unit has its own assigned spot, while one unit also feature a private patio. Moreover, any unused parking spots present an excellent opportunity for additional rental income. These modern apartments boast individual washers and dryers, red oak hardwood flooring, central heating and air conditioning, granite countertops, stainless steel appliances, and granite counters and mosaic tile in the kitchens and classic subway tile in the bathrooms. The building is equipped with a central reporting fire alarm, security systems, and a whole building sprinkler system. Conveniently located near major highways (Route 3, 495, & 9) and public transportation options, including bus service to Port Authority that takes less than 30 minutes, this property is also close to parks, restaurants, shopping, and grocery stores. The buildings at 610 12th Street and 612 12th Street can be packaged together. Union City is an outstanding investment area, and finding a property in such exceptional condition is a rare opportunity.

240020405

MLS ID

October 16, 2024

Listed

October 23, 2024

Updated

Map

612 12TH ST
Union City NJ, 07087

Interior Features

Bedrooms

8


Total Bathrooms

8


Full Bathrooms

8


Fireplace

No


Cooling

Yes


Cooling Description

A/C Central


Heating

Yes


Heating Description

Hot Water, Hot Air, Gas

Exterior/Building Features

Architectual Style

Multi-Level

Other Property Details

Area Name

Union City


Days on Market

7


Garage

Yes


Parking

Attached, Covered, Garage


View

No


County

Hudson


Pool

No

Courtesy of BROWN HARRIS STEVENS NEW JERSEY with WESTLEY PAGE,
Listing Contact: 201-478-6700 

The IDX display contains information sourced from the Realty Multiple Listing System, Inc. as of 10/23/2024. 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 10/23/2024 at 7:51 PM UTC

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