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Josh Sarnell

josh@joshsarnell.com +1(973) 951-6645

$ 1,499,999

Est. payment | -/mo

4 Beds

5 Baths

4,290 SqFt

Save

$ 1,499,999

Est. payment | -/mo

Save

4 Beds

5 Baths

4,290 SqFt

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,290 sqft

Price per Sqft $349

MLS Listing ID 4045817

Style See Remarks

Bedrooms 4

Full Baths 4

Half Baths 2

Year Built 1910

Annual Tax Amount $14,140

Tax Year 2025

Lot Size 2,613 Sqft

Property Description

Exceptional value-add mixed-use investment opportunity in the heart of Union City! Ideal for a 1031 exchange or owner-occupant, this income-producing property features 4 one-bedroom residential apartments, 2 street-level commercial storefronts (approximately 700 SF each with basement storage), plus a separate rear auxiliary structure with city-approved approvals already in place for an additional residential unit. The residential apartments are primarily occupied by long-term month-to-month tenants, creating immediate upside through future rent increases. The commercial spaces are occupied by established long-term tenants (CBD store & salon) on annual leases that have consistently renewed, providing stable income while allowing for future rental adjustments. The approved rear auxiliary structure has already been gutted and is ready to be completed into a spacious 2-bedroom residence, with potential for a 3-bedroom layout perfect for an owner to occupy while collecting income from the remaining units, or as an additional rental generating an estimated $2,400-$2,700/month. Once completed, projected NOI is approximately $104,500/year with strong upside as rents are brought to market. Recent capital improvements include upgraded electric and gas meters. Separate gas and electric utilities, public water, public sewer, and natural gas with tenants paying their own utilities keep operating expenses low, making this an outstanding investment just minutes from New York City.

Location

State NJ

County Hudson

Zoning C

Rooms

Basement Full, Unfinished

Interior

Interior Features See Remarks

Heating Electric, Gas-Natural, See Remarks

Cooling See Remarks, Window A/C(s)

Heat Source Electric, Gas-Natural, See Remarks

Exterior

Exterior Feature Vinyl Siding

Utilities Available All Underground, Electric, Gas-Natural

Roof Type Rubberized

Building

Lot Description Level Lot

Sewer Public Sewer, See Remarks

Water Public Water, See Remarks

Architectural Style See Remarks

Others

Senior Community No

Listed by WEICHERT REALTORS

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(973) 951-6645

josh@joshsarnell.com

165 Passaic Ave, New Jersey, USA

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913 Summit Ave Union City, NJ 07087