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603 11th Street, Union City, NJ. 07087 603 11th St 4 Unit Apartment Building £559,336 (£139,834/Unit) 5.58% Net Initial Yield Union City, NJ 07087

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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

Disclosure

LPF

I&E (1:25)

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER sq ft
Gross Rental Income	£48,768	£5.37
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£48,768	£5.37
Taxes	£8,593	£0.95
Operating Expenses	£8,988	£0.99
Total Expenses	£17,580	£1.94
Net Operating Income	£31,188	£3.43

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	£48,768
Annual Per sq ft	£5.37

Other Income
Annual	-
Annual Per sq ft	-

Vacancy Loss
Annual	-
Annual Per sq ft	-

Effective Gross Income
Annual	£48,768
Annual Per sq ft	£5.37

Taxes
Annual	£8,593
Annual Per sq ft	£0.95

Operating Expenses
Annual	£8,988
Annual Per sq ft	£0.99

Total Expenses
Annual	£17,580
Annual Per sq ft	£1.94

Net Operating Income
Annual	£31,188
Annual Per sq ft	£3.43

PROPERTY FACTS

Price	£559,336	Apartment Style	Low-Rise
Price Per Unit	£139,834	Costar Property Class	C
Sale Type	Investment	Total Plot Size	0.06 ac
Yield	5.58%	Property Size	9,080 sq ft
No. Units	4	Average Occupancy	100%
Property Type	Build-to-Rent	No. Floors	2
Property Subtype	Apartment General Retail Shopfront Retail / Residential Build-to-Rent Manufactured Housing Mobile Home Park BTR - Shared Accommodation	Year Built	1917
Use Class	R

Price	£559,336
Price Per Unit	£139,834
Sale Type	Investment
Yield	5.58%
No. Units	4
Property Type	Build-to-Rent
Property Subtype	Apartment General Retail Shopfront Retail / Residential Build-to-Rent Manufactured Housing Mobile Home Park BTR - Shared Accommodation
Apartment Style	Low-Rise
Costar Property Class	C
Total Plot Size	0.06 ac
Property Size	9,080 sq ft
Average Occupancy	100%
No. Floors	2
Year Built	1917
Use Class	R