3
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$999,000
Est. payment /mo
6.5 Baths
New
1408 NEW YORK AVE Union City, NJ 07087
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250021322
Full Baths 6
Half Baths 1
Annual Tax Amount $15,376
Lot Dimensions 31X100
Property Sub-Type Investment
Property Description
An exceptional investment opportunity awaits in Union City with this well-maintained mixed-use property located at 1406-1408 New York Ave. This property offers a compelling combination of commercial income and two residential rental units, appealing to investors seeking a diversified income stream in a desirable location. The ground floor features an approximate 700 sq. ft. commercial space, perfect for various business uses, and includes a valuable commercial garage for added utility, storage, or operational needs. The property features two separate, modern residential rental units on the upper floors. The unit on the second floor is a spacious one-bedroom, one-bathroom apartment, while the third-floor unit is also a well-appointed one-bedroom, one-bathroom apartment. All units boast high-quality, modern amenities designed for tenant appeal and low maintenance. These features include granite countertops in all units, hardwood floors throughout the living areas and bedrooms, and tile flooring in the kitchens. For comfort and efficiency, the residential units are equipped with Central AC and Forced Air Heating and tankless hot water heaters, which provide energy savings and on-demand hot water. Tenant convenience is further enhanced by a shared washer/dryer facility. This property represents a turn-key asset, offering a fantastic chance to acquire a multi-functional building with strong rental potential from both commercial and residential tenants, making it an ideal addition to any investment portfolio.
Location
State NJ
County Hudson
Area Union City
Listed by COLDWELL BANKER REALTY
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