610 12th Street
$1,899,000
8
8
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Virtual Tour
Description
Incredible investment opportunity for a truly turnkey property in a prime location. Built in 2018, this property consists of four spacious two-bedroom, two-bathroom units, generating an impressive $90,184 in net annual income with a CAP rate of approx. 5%. Each unit has separate utilities, with tenants responsible for their own water, gas, electricity, and sewer expenses. The total building spans 8,286 square feet, with individual apartment sizes ranging from 1,076 to 1,235 square feet, situated...Incredible investment opportunity for a truly turnkey property in a prime location. Built in 2018, this property consists of four spacious two-bedroom, two-bathroom units, generating an impressive $90,184 in net annual income with a CAP rate of approx. 5%. Each unit has separate utilities, with tenants responsible for their own water, gas, electricity, and sewer expenses. The total building spans 8,286 square feet, with individual apartment sizes ranging from 1,076 to 1,235 square feet, situated on a lot measuring 25 x 178. This property offers 6 dedicated parking spaces, ensuring each unit has its own assigned spot, while one unit also feature a private patio. Moreover, any unused parking spots present an excellent opportunity for additional rental income. These modern apartments boast individual washers and dryers, red oak hardwood flooring, central heating and air conditioning, granite countertops, stainless steel appliances, and granite counters and mosaic tile in the kitchens and classic subway tile in the bathrooms. The building is equipped with a central reporting fire alarm, security systems, and a whole building sprinkler system. The building also includes a full-time, live-in superintendent available 24/7 to promptly address any tenant concerns or maintenance issues. This dedicated professional ensures the building is consistently well-maintained, offering residents peace of mind and exceptional service at all times. By having the superintendent on-site, the owner experiences no burden or worries, knowing that the property is in capable hands. Conveniently located near major highways (Route 3, 495, & 9) and public transportation options, including bus service to Port Authority that takes less than 30 minutes, this property is also close to parks, restaurants, shopping, and grocery stores. The buildings at 610 12th Street and 612 12th Street can be packaged together. Union City is an outstanding investment area, and finding a property in such exceptional condition is a rare opportunity.
- Listed by WESTLEY PAGE • BROWN HARRIS STEVENS NEW JERSEY
- Listed by PETER COSSIO • BROWN HARRIS STEVENS NEW JERSEY
Property Details for 610 12th Street
Architectural Style
Multi-Level
Type Of ParkingAttached, Covered, Garage
Geo SubdivisionNJ
AreaUnion City
Heating & CoolingCentral AC, Hot Air, Gas, Hot Water
LISTING UPDATED: 12/13/2024 03:57 PM
Property Details for 610 12th Street
Status | Active |
---|---|
MLS # | 240020403 |
Days on Market | 66 |
Taxes | $26,716 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 3-4 FAMILY / 4 Family |
Year Built | - |
Lot Size | 0.10 AC / 4,425 SF |
County | Hudson County |
Virtual Tour
Building Information for 610 12th Street
Stories-Residences-Year Built-Building Size-Lot Size0.10 AC / 4,425 SF
Property Information for 610 12th Street
Property History for 610 12th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 610 12th Street
Taxable ValueLand$366,000Additions$1,118,200Total$1,484,200
Tax Record2023$28,661 ($2,388 / month)
Home Facts
Beds0Total Finished SqFt4,621 SqFtAbove Grade Finished SqFt4,621 SqFtStories3Lot Size4,425 SqFtStyleSingle Family ResidenceYear Built2010CountyHUDSONAPN10 00059-0000-00041
Schools near 610 12th Street
This home is within Union City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 1 to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
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Veterans Memorial School PublicPK to 5 | ||
Sara M. Gilmore Academy Public1 to 8 | ||
Emerson Middle School Public6 to 8 | ||
Union City High School 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.
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