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603 11th Street, Union City, NJ. 07087 603 11th St 4 Unit Apartment Building $1,031,440 CAD ($257,860 CAD/Unit) 5.58% Cap Rate Union City, NJ 07087
INVESTMENT HIGHLIGHTS
- Prime location close to NYC transportation, Solid masonry building, 25'x100.4' lot size.
EXECUTIVE SUMMARY
CALLING ALL INVESTORS!! A true BRICK 4-family building on the border of Jersey City Heights. The property consists of (3) 1-bedroom apts, and (1) 2-bedroom apt with a large private backyard. Strong rental income and low separated utilities. Extra-large lot coverage (25'x100.04'). Well maintained and renovated property with "value add" potential, or a condo conversion opportunity. Please call/text for income/expenses & showings. This property may qualify for Fannie Mae's low down payment loan program (consult your lender).
Unit #1 month to month
Unit #2 lease ends 4/30/25
Unit #3 month to month
Unit #4 lease ends 2/29/2025
Virtual Tour: https://tour.vht.com/434418721/603-11th-st-union-city-nj-07087/3dtour/idx
Unit #1 month to month
Unit #2 lease ends 4/30/25
Unit #3 month to month
Unit #4 lease ends 2/29/2025
Virtual Tour: https://tour.vht.com/434418721/603-11th-st-union-city-nj-07087/3dtour/idx
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$89,931
|
$9.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$89,931
|
$9.90
|
| Taxes |
$15,845
|
$1.75
|
| Operating Expenses |
$16,573
|
$1.83
|
| Total Expenses |
$32,419
|
$3.57
|
| Net Operating Income |
$57,512
|
$6.33
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $89,931 |
| Annual Per SF | $9.90 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $89,931 |
| Annual Per SF | $9.90 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,845 |
| Annual Per SF | $1.75 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,573 |
| Annual Per SF | $1.83 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,419 |
| Annual Per SF | $3.57 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $57,512 |
| Annual Per SF | $6.33 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Hardwood Floors
- Range
- Tub/Shower
- Yard
- Dining Room
- Double Pane Windows
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Individual Locking Bedrooms
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,644 CAD | - |
| 2+1 | 1 | $2,344 CAD | - |
1 1
Walk Score®
Walker's Paradise (96)
1 of 49
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603 11th Street, Union City, NJ. 07087 | 603 11th St
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