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705 24TH ST

Union City, NJ 07087
  • $625,000
  • STATUS: Active
  • ON SITE: 76 Days
  • MLS #: 220009543
UPDATED: 33 min ago
$625,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

This beautiful 2-family property was recently renovated and is in excellent condition. It is not subject to any kind of rent control. The current market rents equate to a Cap Rate of 6.6%. Tenants are on month-to-month leases, so you can raise rent upon purchase. 1 legal parking space that is almost a full tandem space for 2. Depending on the size of your vehicles, it can fit 2 cars. Each unit has a desirable outdoor space and ring doorbell systems. Laundry and three 8x10 storage spaces in the basement. Both units have 1 bedroom and 1 bathroom, modern appliances, large closets, and mini-split A/C and split-heat-pump system. Both units have a private backyard as the large backyard is divided by high-quality fencing to create 2 private backyards. Unit 1 is currently rented at $1700 due to COVID reduction, but market would easily allow raising to $1900 Unit 2 is currently rented at $1750 due to COVID reduction, but market would easily allow raising to $1950 All utilities billed separately except sewer.

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© 2022 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hoboken Living | Christie's International Northern New Jersey. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Hoboken Living | Christie's International Northern New Jersey are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2022-08-11T00:26:05.143.
www.hobokenlivinghomes.com/homes/129216449
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705 24TH ST Union City, NJ 07087

  • Price: $625,000
  • Status: Active
  • On Site: 76 Days
  • Updated: 33 min ago
  • MLS #: 220009543
2
Beds
2
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Union City
County:
Hudson
Area:
Union City
Property Description
This beautiful 2-family property was recently renovated and is in excellent condition. It is not subject to any kind of rent control. The current market rents equate to a Cap Rate of 6.6%. Tenants are on month-to-month leases, so you can raise rent upon purchase. 1 legal parking space that is almost a full tandem space for 2. Depending on the size of your vehicles, it can fit 2 cars. Each unit has a desirable outdoor space and ring doorbell systems. Laundry and three 8x10 storage spaces in the basement. Both units have 1 bedroom and 1 bathroom, modern appliances, large closets, and mini-split A/C and split-heat-pump system. Both units have a private backyard as the large backyard is divided by high-quality fencing to create 2 private backyards. Unit 1 is currently rented at $1700 due to COVID reduction, but market would easily allow raising to $1900 Unit 2 is currently rented at $1750 due to COVID reduction, but market would easily allow raising to $1950 All utilities billed separately except sewer.
Exterior Features

Exterior Finish Aluminum/Vinyl Lot Size 25X85 AVG Parking 1 CarOther-See Remarks Style Townhouse

Interior Features

Basement Full Floor1 Rooms 3 Floor2 Rooms 3 Floor3 Rooms 0 Floor4 Rooms 0 Heating Cooling Hot WaterHeat Pump Level1 Baths 1 Level1 Bedrooms 1 Level2 Baths 1 Level2 Bedrooms 1 Total Other Rooms 0

Property Features

Floor1 Rent 1700 Floor2 Rent 1850 Internet Yes Lead Paint Form Yes Multifamily Type 2 Family Taxes 9283

Listing provided courtesy of Compass New Jersey, Llc:201-627-4947.


© 2022 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hoboken Living | Christie's International Northern New Jersey. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Hoboken Living | Christie's International Northern New Jersey are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2022-08-11T00:26:05.143.
 
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Hoboken Living | Christie's International Northern New Jersey
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Hoboken NJ, 07030