GREAT INVESTMENT OPPORTUNITY! 9% CAP RATE BASED ON PROJECTED RENT & 6% CAP RATE ON ACTUAL INCOME & EXPENSE. This must see 3 Family house comes fully rented and is located in the heart of Union City. The property includes a 2 car driveway and large 500 sq. ft garage. Private outdoor space and bonus carriage house located in the backyard. All units have separate utilities. The home includes 3 boilers, 3 hot water heaters, 3 gas meters and 3 electric meters. Perfect for commuters, only steps to Bergenline Ave and Palisade Ave and minutes to the Lincoln Tunnel. Nearby there are NJ/NYC buses, major shopping centers, and is in a great school district! See attached Income & Expense Statement.
Off market
$960,900
420 16th St, Union City, NJ 07087
8beds
3,128sqft
MultiFamily
Built in 1893
-- sqft lot
$960,900 Zestimate®
$307/sqft
$4,087 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Interior area
- Total interior livable area: 3,128 sqft
Property
Parking
- Total spaces: 2
Lot
- Size: 2,674 sqft
Details
- Parcel number: 1000087000000025
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1893
Community & neighborhood
Location
- Region: Union City
Other
Other facts
- Type: 3 Family
- EXTERIOR FINISH: Aluminum/Vinyl
- Lead Paint Form Y/N: Yes
- HEATING/COOLING: Gas
- BUILDING STYLE: Other-See Remarks
- PARKING AVAILABLE: 2 Cars, Garage, Other-See Remarks
- Taxes: 11385
- Tax Database ID: 3
- Tax ID: 2025
- Tax Property ID: 09102025
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Estimated market value
$960,900