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2705 Summit Ave 6 Unit Apartment Building Offered at $3,494,847 CAD at a 7.25% Cap Rate Union City, NJ 07087
Investment Highlights
- Value-Add Opportunity
- Less than 20-minute commute to Midtown Manhattan
- Prime Location in Union City
- Strong unit mix of one- and two-bedroom apartments
- Landlord pays for heat, hot water, water/sewer & common area electric
- $158K Price Per Unit
Executive Summary
Patrick Forde
License # 2330333, 122887 (NJ)
Matthews Real Estate Investment Services, LLC
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
License # 2330333, 122887 (NJ)
Matthews Real Estate Investment Services, LLC
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Property Facts
| Price | $3,494,847 CAD | Property Type | Multifamily |
| Price Per Unit | $582,475 CAD | Building Size | 11,200 SF |
| Sale Type | Investment | No. Stories | 4 |
| Cap Rate | 7.25% | Year Built | 1950 |
| No. Units | 6 |
| Price | $3,494,847 CAD |
| Price Per Unit | $582,475 CAD |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 11,200 SF |
| No. Stories | 4 |
| Year Built | 1950 |
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Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Fairly bikeable
50/100
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2705 Summit Ave
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