$705,000

Est. payment -/mo

$715,000

1.4%

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

4535 BROADWAY Union City, NJ 07087

SOLD DATE : 02/27/2019

Key Details

Sold Price $705,000

Property Type Commercial

Sub Type Investment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 180018420

Sold Date 02/27/19

Property Sub-Type Investment

Property Description

Great Investment opportunity! 7 Unit Building with 1 studio apartment, 1 one bedroom apartment, and 5 two bedroom apartments. Conveniently located close to public transportation, shopping, schools, and park. 7 Residential Units. Apt 1 - Studio. $700.00 - tenant pays heat Apt 2 - 2 bedroom $593.21 - landlord pays heat Apt 3 - 1 bedroom $750.00 - tenant pays heat Apt 4 - 2 bedroom $678.00 - landlord pays heat Apt 5 - 2 bedroom $1,035.00 - tenant pays heat Apt 6 - 2 bedroom $1,063.00 - landlord pays heat Apt 7 - 2 bedroom $850.00 - tenant pays heat Total Yearly NOI - $68,030.62 Rent Control gave landlord a 2.2% increase for rent starting November 2018. Expenses: Insurance - $3612.96 Pseg - $4566.00 Suez - $3133.20 NH sewer - $4203.84 Taxes - $10,560.12 Total Yearly expenses - $26,076.12