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1713 Bergenline Ave 6,685 SF 25% Leased Industrial Building Union City, NJ 07087 $2,129,848 CAD ($318.60 CAD/SF) 7.80% Cap Rate
Investment Highlights
- FULL APPROVALS IN PLACE FOR 4 story 12 apartments with 20 car garage parking.
- Currently 2 apartments and a 5000 Sq ft warehouse on the property. Rent roll in place for the warehouse at $7500 a month and one apartment at $1750 a
Executive Summary
FULL APPROVALS IN PLACE FOR 4 story 12 apartments with 20 car garage parking. Currently 2 apartments and a 5000 Sq ft warehouse on the property. Rent roll in place for the warehouse at $7500 a month and one apartment at $1750 a month with office space rented out at $2500 a month. Can either purchase and hold long term or use for personal use and up the rent or can develop and add value. So many different possibilities doable with a prime location that's only growing in value by the day. Do not miss out on an opportunity to own mixed use in one of the hottest areas in NJ with an incredible cap and back end value.
Property taxes $13,758
Insurance $5844 plus waterbill
Total expenses $19,602 plus water
Property taxes $13,758
Insurance $5844 plus waterbill
Total expenses $19,602 plus water
Property Facts
Amenities
- Bus Line
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 10-00091-0000-00006 | Improvements Assessment | $682,493 CAD |
| Land Assessment | $1,133,944 CAD | Total Assessment | $1,816,437 CAD |
Property Taxes
Parcel Number
10-00091-0000-00006
Land Assessment
$1,133,944 CAD
Improvements Assessment
$682,493 CAD
Total Assessment
$1,816,437 CAD
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1713 Bergenline Ave
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