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814-816 Summit Ave
Union City, NJ 07087
Mixed Used Building 8 Apt. 2 stores for sale · Multifamily Property For Sale
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8 Units
Investment Highlights
- Heavy daytime vehicular & foot traffic
- Rear municipal parking lot
- Fully occupied
Executive Summary
Commercial Mixed-Use. Prime Investment Opportunity in Union City. Eight residential units plus a commercial retail store that can be used as two stores in the future as building is 100% occupied. The retail space has high ceilings and includes a full basement, providing additional storage or functional space. Tenants pay seperate utilities: electric, heat, hot water and cooking gas.. Inquire for full details on income and expenses. Great income with upside potential. Lot size 50x108. Located in a highly desirable area with heavy foot traffic.
Property Facts Under Contract
| Price Per Unit | $290,133 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.93% | Lot Size | 0.12 AC |
| No. Units | 8 | Building Size | 13,151 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2011 |
| Zoning | C, Union City. - Mixed used | ||
| Price Per Unit | $290,133 CAD |
| Sale Type | Investment |
| Cap Rate | 6.93% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 13,151 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2011 |
| Zoning | C, Union City. - Mixed used |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Property Taxes
| Parcel Number | 10-00042-0000-00005 | Improvements Assessment | $1,934,438 CAD |
| Land Assessment | $660,734 CAD | Total Assessment | $2,595,172 CAD |
Property Taxes
Parcel Number
10-00042-0000-00005
Land Assessment
$660,734 CAD
Improvements Assessment
$1,934,438 CAD
Total Assessment
$2,595,172 CAD
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