Photo of 2512 Central Avenue, Union City NJ
     
2512 Central Avenue
Union City, NJ 07087
Union City
Union City
Hudson County
Asking Price$875,000
  Sale Pending  
Bedrooms11
Full Baths5
HeatingGas
CoolingGas
BasementFull,Unfinished
Taxes (2022)$14,355

Description
Back in the market with TWO NEWLY VACANT units! 4 apartments in 2 buildings. The asking price is based on the two vacant units. CAP RATE will be an estimated 7.5% once the two units are renovated and rented by the new owner. One block away from Bergenline ave and less than 30 minute commute to NYC. Close to schools, restaurants, and grocery stores. Come and see ...A rare opportunity in today's real estate market. The front building has two apartments with 3 bedrooms each. One has 1 bath and the other with 2 full baths. The other building is located directly behind and has 2 apartments with 2 bedrooms and 1 bath each. In between the two buildings is a private common area for all tenants for their enjoyment where their barbecue grills are located. The current owner offers an FHA assumable mortgage, arranged and already approved by the mortgage servicer, with a very attractive interest rate. For cap rate worksheet, See the attached. This sale is strictly "As Is". Buyer is responsible to obtain certificate of occupancy.

Room Sizes

Location


Details
Basement - Full, Unfinished
Exterior Features - Brick
Cooling - Gas on Gas
Heating - Gas on Gas

Notes
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EveryHome Number : 400060-40403
Listing Courtesy EREALTY ADVISORS, INC.
Zoning Designation M