206 40th St, Union City, NJ 07087

6%+ POTENTIAL CAP in great location just a block away of border of Weehawken. 3 Story structure with 2 garage parking and 2 driveway spots (4 total parking spots). Seller has approved plans (resolution in hand) to convert to legal 3 Family (ground floor unit would be 3rd unit). 2nd and 3rd floor apartments are large and updated 3BR's with great rents. Total rent for year could be $75,000+/year. 2nd floor currently paying $2200/month, 3rd floor currently paying $2300/month. Nice backyard off the back and two (2) car garage and two (2) car driveway. Commuters dream location, close to public transportation. For owner occupant, live in ground floor unit with backyard and collect rent of $4500+ for the top floors and potentially live virtually free after tax and interest write offs! Rare Opportunity to buy a 2 Family with little money down (FHA/203k) but in all actuality buying a 3 Family but without having to ut the large down payment!