4 unit-- 2 Buildings 1 Lot | 2907 Central Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
4 unit-- 2 Buildings 1 Lot 2907 Central Ave
4 Unit Block of Flats £1,017,185 (£254,296/Unit) 7.96% Net Initial Yield Union City, NJ 07087
Executive Summary
APPROVED 4 family NO RENT CONTROL 2 units in front house & 2 in back house, The front house rented for $2800 +$2400=$5200 Taxes 11k Lot size 25 X 140 Parking for cars + loading zone for trucks 4 family LOT! 2 homes on one Lot! 2 family each house, front and rear building. 4 unit legal rental income with Prime Location Near NYC, just moments away from the bustling streets of NYC. Property Highlights: 2 buildings on 1 lot! Front Building 1st floor: Rent-ready 2-bedroom apartment fetching $2,400/month. 2nd floor: Spacious 3-bedroom apartment, ready for occupancy at $2,800/month. Bonus: Additional legal 2nd property in the rear lot, including a commercial space of approximately 1400 sqft. Pending city approvals to change to a 3 bed apartment rear building 2nd fl into a 3-bedroom apartment. With zoning and town approval, transform the property into a legal 4-unit (pending), ensuring long-term profitability. large private driveway for 4 cars and designated loading zone in front of building giving you so much parking access. Lot Size 25X139
Property Facts
| Price | £1,017,185 | Apartment Style | Low Rise |
| Price Per Unit | £254,296 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Net Initial Yield | 7.96% | Building Size | 5,216 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 0% |
| No. Units | 4 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1930/2019 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Price | £1,017,185 |
| Price Per Unit | £254,296 |
| Sale Type | Investment |
| Net Initial Yield | 7.96% |
| Sale Conditions | 1031 Exchange |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,216 SF |
| Average Occupancy | 0% |
| Number of Floors | 2 |
| Year Built/Renovated | 1930/2019 |
| Parking Ratio | 0.87/1,000 SF |
1 of 1
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (87)
PROPERTY TAXES
| Parcel Number | 10-00162-0000-00018 | Improvements Assessment | £158,290 |
| Land Assessment | £284,812 | Total Assessment | £443,101 |
PROPERTY TAXES
Parcel Number
10-00162-0000-00018
Land Assessment
£284,812
Improvements Assessment
£158,290
Total Assessment
£443,101
zoning
| Zoning Code | R (With zoning and town approval, transform the property into a legal 4-unit) |
| R (With zoning and town approval, transform the property into a legal 4-unit) |
-
Bishoy Megalla -
Keller Williams City Views
1 of 40
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
4 unit-- 2 Buildings 1 Lot | 2907 Central Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.