Property
Union City, NJ 07087 505 5th Street
$899,000
11 more
Presented By: Michael Sclafani, RE/MAX Central
SQFT • 3,150
Home Details
Discover a prime investment opportunity in the heart of Union City! This newly renovated 4-family property has updated amenities, ensuring a steady and reliable rental income. Property highlights include updated kitchens and bathrooms in all units, providing a fresh and contemporary living space. Three of the four units are currently rented, guaranteeing immediate income for the new owner. Split utilities, so tenants are responsible for their own utilities, reducing overhead costs for the landlord. Three apartments are large spacious 3 bedrooms, 1-bathroom units. One apartment is 2 bedrooms, 1 bathroom and currently vacant. All tenants are on month-to-month leases. This property is perfect for investors looking to expand their portfolio with a low-maintenance, high-return assets.
Presented By: Michael Sclafani, RE/MAX Central
Interior Features for 505 5th Street
Bedrooms
Total Bedrooms11
Bathrooms
Total Baths4
Other Interior Features
Air Conditioning Y/NYes
BasementFull
Heating Y/NYes
Total Fireplaces
General for 505 5th Street
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityUnion City
Construction MaterialsBrick
CoolingOther
CountyHudson
Directions505 5th Street, Union City, NJ 07087
Electric On Property Y/NNo
Full Baths4
Garage Spaces0.0
Garage Y/NNo
Gross Income84000.0
HeatingBaseboard
Home Warranty Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet2613.6
Lot Size UnitsAcres
MLS AreaNone
MLS Area MinorUnion City (UNO)
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal4
OwnerPaysSewer
Property SubtypeFour Family
Property TypeMulti-Family
Rent Control Y/NNo
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories3
Subdivision NameNone
Tax Annual Amount15728.0
Tax Year2024
TaxOtherAnnualAssessmentAmount851100.0
Tenant PaysGas, Electricity
Waterfront Y/NNo
Year Built1900
Zoning DescriptionMulti-Family
Exterior for 505 5th Street
Building Area Total3150.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions25 x 100
Lot Size Acres0.06
Lot Size Area0.06
Open Parking Y/NNo
Parking FeaturesOn Street, None
SpaNo
Water SourcePublic
Additional Details
Price History
Antonio Freitas
Associate