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$ 1,200,000
Est. payment /mo
New
200 38TH ST Union City, NJ 07087
2.5 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260017740
Full Baths 2
Half Baths 1
Annual Tax Amount $10,304
Lot Dimensions 25X99.9
Property Sub-Type Investment
Property Description
200 38th St, Union City, An Exceptional Mixed-Use Four-Unit Property with Multiple Income Streams in Hudson County, New Jersey. Rare opportunity to own a well-positioned 4-unit mixed-use property in the heart of Union City, featuring 2 residential units, 2 commercial spaces, garage parking, and additional basement space. The property offers strong rental potential with multiple income-producing components, making it an attractive opportunity for investors, business owners, or owner-users. The projected rent roll for this property is approaching 10k per month , with additional upside through the future repositioning of the commercial space. The longtime check-cashing tenant is expected to vacate, providing an opportunity for a new owner to secure a higher-paying tenant or utilize the space for their own business. Architectural plans are also available for a proposed 4-unit mixed-use configuration consisting of 3 residential units and 1 commercial unit, presenting additional future potential for investors or end users, subject to Town approval and applicable zoning and permitting requirements. This property also qualifies for a First-Time Homebuyer program offering current discounted interest rates at approximately 6.125%, potentially providing an attractive financing opportunity for a qualified owner-occupant. Program eligibility, rates, terms, and availability are subject to lender requirements. Property will be delivered completely vacant at closing.
Location
State NJ
County Hudson
Area Union City
Listed by PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
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