3501 Hudson Ave | Union City, NJ 07087
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- LoopNet Team
3501 Hudson Ave
Union City, NJ 07087
12 Unit + 1 Separate Commercial Space Low Ris · Multifamily Property For Sale
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13 Units
Investment Highlights
- Prime Mixed-Use Building: Located at the intersection of Hudson Avenue and 35th Street, this traditional low-rise building features a total of 13 rent
- Attractive Investment: Listed at $1,735,000 with a Net Operating Income (NOI) of $117,162, providing a solid 6.75% CAP rate for investors.
- Owner-Paid Heat and Hot Water: The building features one large furnace and two water heaters in the basement, with the owner covering the costs of hea
- Diverse Unit Mix: The property includes nine 2-bedroom/1-bath apartments, three 3-bedroom/1-bath apartments, and one commercial space, offering a bala
- Tenant-Paid Utilities: Residential tenants are responsible for their own electric and cooking gas, with separate meters located in the basement, reduc
- Commercial Space with Utility Savings: The commercial tenant pays all their utilities, offering an additional revenue stream without added expenses fo
Property Facts
| No. Units | 13 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 6,048 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1930 |
| Zoning | R-MF - Residential Multi Family | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 6,048 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | R-MF - Residential Multi Family |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | - | - |
Property Taxes
| Parcel Number | 10-00211-0000-00008 | Improvements Assessment | $793,600 |
| Land Assessment | $720,000 | Total Assessment | $1,513,600 |
Property Taxes
Parcel Number
10-00211-0000-00008
Land Assessment
$720,000
Improvements Assessment
$793,600
Total Assessment
$1,513,600
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