5+ Mixed Use For Sale in Union City, NJ
MLS# : 24030063
PROPERTY DETAILS
PROPERTY DESCRIPTION
Discover an unparalleled investment opportunity in Union City with this exceptional property package. This unique offering comprises of 2 adjacent properties featuring a beautifully renovated, spacious single-family home, six fully-occupied rental units, a charming courtyard, and two-car garage. With off-street parking and potential for further value enhancement, this property caters to diverse investment strategies. Ideal for those wishing to enjoy a high-quality residence while generating rental income from well-maintained units, or for investors looking to add to the property value by adding one to two more units to the existing single family home. Don't miss the chance to capitalize on this versatile and lucrative real estate opportunity. Additional potential awaits with the adjacent fully-occupied three-family property, which includes three garages and is also available for acquisition MLS#24030360
Amenities
This listing is a courtesy of Keller Williams City Views Realty
(201) 592-8900 office, listing agent Tony Nabhan
MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
About Union City, NJ Real Estate Market
The Union City is situated atop the ridge of the lower Hudson Palisades. Due to a high elevation, the city offers clear views of surrounding municipalities like New Jersey Meadowlands and New York City Skyline. It shares its borders with other parts of Hudson County, such as Jersey City, Hoboken, Weehawken, North Bergen and West New York.
The formation of Union City as a city happened in 1925 by an act of the New Jersey Legislature. Union City was established by merging Union Hill and West Hoboken Township. The city’s name got derived from the names of these two municipalities. In its early stages, Union City was inhabited by German and Spanish speaking people.
Union City is divided into two parts by New Jersey Route 495, which resulted in the renaming of many street names in the city. Most of the homes for sale in this part of Hudson County are located on streets like 32nd Street, Hackensack Plank Road and Bergen Turnpike, which form Union City’s urban grid.
| Population: | 65,551 |
| Total Housing Units: | 22,411 |
| Single Family Homes: | 5,756 |
| Apartments: | 16,655 |
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
| Compare To Other Towns |
Union City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $563,786 |
| Homes Sold* (12mo): | 13 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $415,093 |
| Apatments Sold* (12mo): | 133 |
APARTMENT SALES
Union City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
Similar Listings in Union City
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc.
All information deemed reliable but not guaranteed. Last date updated: 11/22/2024 00:05 AM
Source: New Jersey Multiple Listing Service, Inc.
“©2024 New Jersey Multiple Listing Service, Inc. All rights reserved.”
General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury
