2803-2805 Palisade Avenue

Union City, NJ 07087

$949,000
Price
Beds
5,400 Sq. Ft.
$176 / Sq. Ft.
5,400
Sq. Ft.
$176
per Sq. Ft.

Description

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...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.
  1. Listed by Bruce Elia, Jr. • Keller Williams City Views Realty • (201) 592-8900
  2. Listed by Ryan Martin Cooper • Keller Williams City Views Realty

Property Details for 2803-2805 Palisade Avenue

Style
5+Family
Sub style
5-25

Location

Listing Courtesy of Keller Williams City Views Realty, Bruce Elia, Jr.; Keller Williams City Views Realty, Ryan Martin Cooper
Add your commute
LISTING UPDATED: 05/20/2024 10:24 AM

Property Details for 2803-2805 Palisade Avenue

StatusActive
MLS #24015669
Days on Market23
Taxes$12,980 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMixed Use / 5+Family
Year Built-
Lot Size-
CountyHudson County

Location

Listing Courtesy of Keller Williams City Views Realty, Bruce Elia, Jr.; Keller Williams City Views Realty, Ryan Martin Cooper
Add your commute

Building Information for 2803-2805 Palisade Avenue

Stories3Residences6Year Built-Lot Size-

Payment Calculator

$6,261 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,179

Property Taxes

$1,082

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2803-2805 Palisade Avenue

Summary
Location and General Information
  • Area: 0910
  • Area name: Union City
  • Directions: USE GPS
  • Street Name: Palisade
  • County Name: HUDSON
  • Status: ACTIVE
  • Zip Code: 07087
Taxes and HOA Information
  • Tax: $12,980
Property
Lot Information
  • Lot: 00022
  • Year Built: 1900-1939
  • Propertype ro: O/See Rmrks
  • Sale sqft: 5400.0
  • Land sqft: 3000.0
  • Block: 00152
Property and Assessments
  • Photo: Y
  • Photo Number: 18
  • CourtAppYN: No
Interior and Exterior Features
Interior Features
  • Number of Units: 6
  • Ceiling high: 9.0
  • Number Of Stories: 3
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: O/See Rmrks
Multi Family
Multi-Family Information
  • No of Common units: 0
Income & Expenses Information
  • Gross Income: $82,764.00
  • Gross expenses: $30,800.00
Agent
Sale and Listing Information
  • Search Class: MIX
  • List Price: $949,000.00
  • Listing Date: 05-20-2024
  • Status Date: 05-20-2024
Showing Information
  • Internet Remarks: 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.
Rental
Rental Information
  • Owner pays: O/See Rmrks

Property History for 2803-2805 Palisade Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2803-2805 Palisade Avenue

Taxable ValueLand$81,400Additions$91,000Total$172,400
Tax Record2022$12,309 ($1,026 / month)
Home Facts
Total Finished SqFt5,400 SqFtAbove Grade Finished SqFt5,400 SqFtStories3Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1913CountyHUDSONAPN10 00152-0000-00022

Schools near 2803-2805 Palisade Avenue

This home is within Union City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 1 to 8
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Robert Waters Elementary School
PublicPK to 6

Sara M. Gilmore Academy
Public1 to 8

Union Hill Middle School
Public7 to 8

Jose Marti Freshman Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2803-2805 Palisade Avenue is a mixed use property for sale in Union City, NJ 07087. This property was listed for sale on May 20, 2024 by Keller Williams City Views Realty, it's currently listed at $949,000. It has been on the market for a total of 23 days and was last sold on June 30, 2017. This listing's school district is Union City School District. Nearby schools include Robert Waters Elementary School, Sara M. Gilmore Academy and Union Hill Middle School. 2803-2805 Palisade Avenue is a 0-bed, 0-bath, 5,400 sqft mixed use property.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams City Views Realty, Bruce Elia, Jr.; Keller Williams City Views Realty, Ryan Martin Cooper

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 06/13/2024 01:36 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.