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603 11th Street, Union City, NJ. 07087 603 11th St 4 Unit Apartment Building $748,000 ($187,000/Unit) 5.58% Cap Rate Union City, NJ 07087
INVESTMENT HIGHLIGHTS
- Prime location close to NYC transportation, Solid masonry building, 25'x100.4' lot size.
EXECUTIVE SUMMARY
CALLING ALL INVESTORS!! A true BRICK 4-family building on the border of Jersey City Heights. The property consists of (3) 1-bedroom apts, and (1) 2-bedroom apt with a large private backyard. Strong rental income and low separated utilities. Extra-large lot coverage (25'x100.04'). Well maintained and renovated property with "value add" potential, or a condo conversion opportunity. Please call/text for income/expenses & showings. This property may qualify for Fannie Mae's low down payment loan program (consult your lender).
Unit #1 month to month
Unit #2 lease ends 4/30/25
Unit #3 month to month
Unit #4 lease ends 2/29/2025
Virtual Tour: https://tour.vht.com/434418721/603-11th-st-union-city-nj-07087/3dtour/idx
Unit #1 month to month
Unit #2 lease ends 4/30/25
Unit #3 month to month
Unit #4 lease ends 2/29/2025
Virtual Tour: https://tour.vht.com/434418721/603-11th-st-union-city-nj-07087/3dtour/idx
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$65,218
|
$7.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$65,218
|
$7.18
|
| Taxes |
$11,491
|
$1.27
|
| Operating Expenses |
$12,019
|
$1.32
|
| Total Expenses |
$23,510
|
$2.59
|
| Net Operating Income |
$41,708
|
$4.59
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $65,218 |
| Annual Per SF | $7.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $65,218 |
| Annual Per SF | $7.18 |
| Taxes | |
|---|---|
| Annual | $11,491 |
| Annual Per SF | $1.27 |
| Operating Expenses | |
|---|---|
| Annual | $12,019 |
| Annual Per SF | $1.32 |
| Total Expenses | |
|---|---|
| Annual | $23,510 |
| Annual Per SF | $2.59 |
| Net Operating Income | |
|---|---|
| Annual | $41,708 |
| Annual Per SF | $4.59 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Hardwood Floors
- Range
- Tub/Shower
- Yard
- Dining Room
- Double Pane Windows
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Individual Locking Bedrooms
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,193 | - |
| 2+1 | 1 | $1,700 | - |
1 1
Walk Score®
Walker's Paradise (96)
1 of 49
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603 11th Street, Union City, NJ. 07087 | 603 11th St
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