1213 Bergenline Ave
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1213 Bergenline Ave
6 Unit Apartment Building $885,000 ($147,500/Unit) 7.23% Cap Rate Union City, NJ 07087
Investment Highlights
- Free Standing Brick 6 Family Building with a detached garage, on a corner lot and additional parking spot for extra income.
- Location is KEY... near Lincoln Tunnel, Hoboken border, Hudson-Burgen Light Rail, Parks and Restaurants.
- All units have a box layout with Hardwood floors, tiled baths, wood trim moldings and baseboard heat that tenants pay for.
Executive Summary
OPPORTUNITY To purchase a 6 family with garage in the heart of Union City. Rent roll WAY BELOW MARKET VALUE at a current $7303.61 a month with all tenants being on month to months but have been there for years. The possibilities are endless here with either purchasing and holding or raising rent value and creating more value on your money. With a net income of $63,222 per yr at asking is a 7%cap but with Location growing value by the day and possibilities are endless here for excellent financial returns!
Rent Roll -Gross $87,643 Expenses: Insurance $5510, Taxes $13611, Water/sewer Avg $2300/yr, Maint. $3000
email Russ101nj@gmail.com with any questioins or LOI Russell Milman 718-915-7050
Rent Roll -Gross $87,643 Expenses: Insurance $5510, Taxes $13611, Water/sewer Avg $2300/yr, Maint. $3000
email Russ101nj@gmail.com with any questioins or LOI Russell Milman 718-915-7050
Property Facts
| Price | $885,000 | Apartment Style | Low Rise |
| Price Per Unit | $147,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.23% | Building Size | 4,254 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.24/1,000 SF |
| Price | $885,000 |
| Price Per Unit | $147,500 |
| Sale Type | Investment |
| Cap Rate | 7.23% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,254 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 0.24/1,000 SF |
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Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (72)
zoning
| Zoning Code | R, Union City. |
| R, Union City. |
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1213 Bergenline Ave
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