GREAT INVESTMENT OPPORTUNITY!! 9% cap rate based on projected rents. Property includes 4 units, each 2 bedroom/1 bath railroad style plus a bonus unit in the basement. Tenants pay for cooking gas and electric. Landlord pays for heat and cold water which is included in the rent. Property has 1 gas boiler, 5 hot water heaters, and 5 electric meters. Conveniently located steps from Paterson Plank Rd and minutes from Route 9 and NJ Turnpike.
Sold for $750,000 on 06/27/23
$750,000
710 7th St, Union City, NJ 07087
10beds
2,500sqft
MultiFamily
Built in 1903
-- sqft lot
$874,100 Zestimate®
$300/sqft
$2,442 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard
Features
- Basement: Finished, Full
Interior area
- Total interior livable area: 2,500 sqft
Property
Features
- Exterior features: Vinyl
Lot
- Size: 2,500 sqft
Details
- Parcel number: 1000033000000014
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1903
Community & neighborhood
Location
- Region: Union City
HOA & financial
Other financial information
- Total actual rent: 2350
Other
Other facts
- Heating: Baseboard
- Basement: Finished, Full
- HeatingYN: true
- CoolingYN: true
- Cooling: Window Unit(s)
- Exclusions: tenant's personal belongings
- ConstructionMaterials: Aluminum/Vinyl
- ParkingFeatures: See Remarks
- TotalActualRent: 2350
- Inclusions: All major installed appliances
- MlsStatus: Active
- InsuranceExpense: 2836
- WaterSewerExpense: 3043
Services availability
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Estimated market value
$874,100