Multifamily
412 4th Street
412 4th St, Union City, NJ 07087
Listing Price: $1,200,000
Investment Overview
Marcus and Millichap has been exclusively hired to market the property located at 412
4th St, Union City, New Jersey.
The property lies on a 25 x 100 lot and consists of 1 Studio, 1 One Bedroom and 6 two
bedroom, one bathroom apartments. All units are separately metered for heat, cooking
gas, hot water, and electric. Water has been set up to be separated upon unit turnover.
Value-Add: Currently there are three vacant units, two in the basement and one unit on
the first floor. The two units in the basement consist of a Studio with access to the
backyard and a 1 Bedroom one bath apartment. Current owner has received full approval
from the planning board/zoning and is in the midst of construction with about 30%
completed. The vacant apartment on the first floor needs full gut rehab but is ideal for a
two bedroom apartment separating the bedrooms on each end with kitchen and living
room in the middle of the apartment.
412 4th Street
Investment Highlights
- Value-Add Multifamily Deal – Asking $150k A Unit
- Legal 8 Unit Three Story Brick Walk Up Building
- All Utilities Are Separated Including Heat, Hot Water, Cooking Gas, Electric and Water Is Set Up To Be Separated Upon Turnover
- Strong Unit Mix Of A Studio, 1 Bedroom and 2 Bedroom Apartments
- Built in 1900
- Located Steps Away From Washington Park, Few Blocks Away From Congress Street Station, Next To Thomas A Edison School And 15 Minute Commute To NYC
- Union City Is One Of The Densest Cities In The Country Making It A Very Tight Rental Market With Little To No Downside On Under Market Rents
Exclusively Listed By
Listing Price: $1,200,000
Investment Highlights
- Value-Add Multifamily Deal – Asking $150k A Unit
- Legal 8 Unit Three Story Brick Walk Up Building
- All Utilities Are Separated Including Heat, Hot Water, Cooking Gas, Electric and Water Is Set Up To Be Separated Upon Turnover
- Strong Unit Mix Of A Studio, 1 Bedroom and 2 Bedroom Apartments
- Built in 1900
- Located Steps Away From Washington Park, Few Blocks Away From Congress Street Station, Next To Thomas A Edison School And 15 Minute Commute To NYC
- Union City Is One Of The Densest Cities In The Country Making It A Very Tight Rental Market With Little To No Downside On Under Market Rents
Investment Overview
Marcus and Millichap has been exclusively hired to market the property located at 412 4th St, Union City, New Jersey. The property lies on a 25 x 100 lot and consists of 1 Studio, 1 One Bedroom and 6 two bedroom, one bathroom apartments. All units are separately metered for heat, cooking gas, hot water, and electric. Water has been set up to be separated upon unit turnover. Value-Add: Currently there are three vacant units, two in the basement and one unit on the first floor. The two units in the basement consist of a Studio with access to the backyard and a 1 Bedroom one bath apartment. Current owner has received full approval from the planning board/zoning and is in the midst of construction with about 30% completed. The vacant apartment on the first floor needs full gut rehab but is ideal for a two bedroom apartment separating the bedrooms on each end with kitchen and living room in the middle of the apartment.
Exclusively Listed By
