315-317 Mountain Rd
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315-317 Mountain Rd
13 Unit Apartment Building $2,350,000 ($180,769/Unit) 6.28% Cap Rate Union City, NJ 07087
Investment Highlights
- NYC views from upper floor units
- All three-bedroom units
- Long-term ownership
- Large upside due to below market rents
- Great location
Executive Summary
The property is a well-located 13-unit apartment building located on 315-317 Mountain View road, in Union City, NJ This is a very unique property as all the units are three bedrooms. There are New York City views from the upper level apartments.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,350,000 | Apartment Style | Mid Rise |
| Price Per Unit | $180,769 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.28% | Building Size | 11,408 SF |
| No. Units | 13 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1908/2017 |
| Property Subtype | Apartment |
| Price | $2,350,000 |
| Price Per Unit | $180,769 |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 11,408 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1908/2017 |
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Walk Score ®
Very Walkable (87)
Transit Score ®
Excellent Transit (87)
PROPERTY TAXES
| Parcel Number | 10-00179-0000-00022 | Improvements Assessment | $1,170,000 (2024) |
| Land Assessment | $780,000 (2024) | Total Assessment | $1,950,000 (2024) |
PROPERTY TAXES
Parcel Number
10-00179-0000-00022
Land Assessment
$780,000 (2024)
Improvements Assessment
$1,170,000 (2024)
Total Assessment
$1,950,000 (2024)
zoning
| Zoning Code | R-MF |
| R-MF |
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315-317 Mountain Rd
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