Great opportunity to invest in a mixed use property in a developing Union City. Corner building, all brick. Located on a busy intersection of Bergenline Ave and 5th. 1st floor: Commercial space, currently vacant. Potential rent $2,000/month. 2nd floor: 2BR+balcony apt. Rent $1,800/month. 4 parking spots. Rented for $600/month. Expenses: Tax ($13,263/yr), Insurance ($4,000/yr), Water/Sewer ($2,000) Cap rate: 6.2%
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
