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8 Beds
5 Baths

$899,000

509 Monastery Pl, Union City NJ, 07087

Property typeResidential

Overview

Active

Updated 2 days ago

Prime Union City Investment Opportunity. Unlock the potential of this substantial 4-family property with a bonus studio. Perfectly situated right off Bergenline Avenue and just West of Reservoir Park in one of Hudson County's most convenient locations. Access to NYC within minutes keeps tenant demand in the area high. One unit currently vacant and ready to be renovated on the main floor. Great for either an owner occupier or investor. The three additional units offer immediate cash flow, with all tenants on month-to-month leases. Income potential as is of approximately $80,000 per year and 6% cap rate with plenty of room for improvement. Additionally there is a back building and large basement complete with another full bath. Currently used as storage, these spaces have tons of potential for future customization. Bring your vision to life with this incredibly flexible investment property in an ideal location.

$5,981/mo

Est. mortgage payment based on a $899,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12027007

Interior Features

Bedrooms
8
Bathrooms
5
Basement
No

Other Property Details

Taxes
$20,000
Tax Frequency
Annually

Courtesy of Coldwell Banker Realty with ,
Listing Contact:  

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