Eleven Unit in Union City, NJ For Sale

  • $1,600,000
  • 23 beds
  • 11 baths
  • 7,959 sqft

Estimated ARV: $1,800,000 – $1,820,000

Estimated Rehab: $20,000

Estimated Gross Profit: $180,000

Acquisition Cost: $1,600,000


*Acquisition Cost: Acquisition cost is the cost to purchase the deal (contract & respective property) excluding closing costs.

*Need funding? Ask us for a introduction to one of our lenders.

Price:
$1,600,000
Address:
Union City, NJ 07087
Square Feet:
7,959
Bedrooms:
23
Bathrooms:
11
Terms:
For Sale
Property Type:
Home

Additional Features

11 turnkey units in good conditon, fully rented and cash flowing. No parking. Tenants pay electric and hot water. Owner pays gas heat. Income : 2 - 1bed/1bath - $700/month . 6 - 2 beds/1bath - $1100 - $1300 . 3 - 3 beds/1bath - $1100 - $1300. Gross Income = $12,200 per month. $146,400 per year. Utilities are separated and there's one boiler for the entire building. No oil tank. Expenses: Taxes $19,841. Utilities- $6500. Insurance- $5,000. Total Expenses- $31,341. NOI- $115,059. Offering 2.5% to buyer rep.

Call (848) 299-4847 for more details

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