6 Unit Multi-family | Renovated Units | Yard | 2803 Palisade Ave
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6 Unit Multi-family | Renovated Units | Yard 2803 Palisade Ave
6 Unit Apartment Building $949,000 ($158,167/Unit) 5.21% Cap Rate Union City, NJ 07087
Investment Highlights
- Lot Size: 3,000 SF
- Building Size: 5,400 SF
- Taxes: $12,980/year
- Lot Size Price Per SF: $316/ft
- Building Size Price Per SF: $176/ft
- Zoning: Mixed-use
Executive Summary
The Elia Realty Group (ERG) and Ryan Cooper powered by KW Commercial, are proud to present an exciting new opportunity to own this (x6) unit income producing investment sale.
Explore the potential of this exceptional 6-unit multi-family investment property nestled in the heart of Union City, NJ. Ideal for new entrants into the market or seasoned investors with a diverse portfolio, this property promises both immediate returns and long- term appreciation. Investment Highlights:
Catering to varied tenant needs with a well-balanced assortment of 1, 2, and 3-bedroom units. Enjoy the convenience of nearby shopping, dining, and public transportation options. A lucrative investment with a history of stable rental income.
Ideal for: New and Seasoned Investors: A perfect entry point into the lucrative multi-family real estate market. A strategic addition to a portfolio seeking stable returns and future appreciation.
Explore the potential of this exceptional 6-unit multi-family investment property nestled in the heart of Union City, NJ. Ideal for new entrants into the market or seasoned investors with a diverse portfolio, this property promises both immediate returns and long- term appreciation. Investment Highlights:
Catering to varied tenant needs with a well-balanced assortment of 1, 2, and 3-bedroom units. Enjoy the convenience of nearby shopping, dining, and public transportation options. A lucrative investment with a history of stable rental income.
Ideal for: New and Seasoned Investors: A perfect entry point into the lucrative multi-family real estate market. A strategic addition to a portfolio seeking stable returns and future appreciation.
Property Facts
| Price | $949,000 | Apartment Style | Low Rise |
| Price Per Unit | $158,167 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.21% | Building Size | 4,200 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1945/2021 |
| Property Subtype | Apartment |
| Price | $949,000 |
| Price Per Unit | $158,167 |
| Sale Type | Investment |
| Cap Rate | 5.21% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 4,200 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1945/2021 |
Unit Amenities
- Bay Window
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Intercom
Site Amenities
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 3 | - | - |
| 3+1 | 2 | - | - |
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (91)
PROPERTY TAXES
| Parcel Number | 10-00152-0000-00022 | Improvements Assessment | $277,500 |
| Land Assessment | $360,000 | Total Assessment | $637,500 |
PROPERTY TAXES
Parcel Number
10-00152-0000-00022
Land Assessment
$360,000
Improvements Assessment
$277,500
Total Assessment
$637,500
zoning
| Zoning Code | R |
| R |
-
Bruce Elia -
Ryan Cooper -
KW Commercial Fort Lee
(201) 917-5884
x701
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6 Unit Multi-family | Renovated Units | Yard | 2803 Palisade Ave
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