2-4 Family Home For Sale in Union City, NJ
 

MLS# : 24030360

Street : 2819 Summit Avenue
Price : $999,000
Town : Union City, NJ 07087
Annual Taxes : $12,961

PROPERTY DETAILS

# of Rooms : 18
Bedrooms : 9
Full Baths : 3
Half Baths : 0
Basement : Finished, Full, Grd Lv Acces
Garage : Attached
Year Built : 1900-1939
Lot Size : Regular
Style : 3 Family
Exterior Finish : Mason/stucco
Heat/Cool : Baseboard, Gas

PROPERTY DESCRIPTION

Discover a prime investment asset with this fully-occupied three-family property in Union City. This well-maintained building features three spacious units, each with three bedrooms, 1 full bath, and includes three garages, providing added value and convenience. With no rent control, you have the flexibility to maximize rental income and capitalize on market rates. Ideal for investors seeking a reliable, income-generating asset in a thriving location. Don't miss this chance to secure a high-potential property with strong rental demand and growth potential. Additional potential awaits with the adjacent fully-occupied 7 unit property, which includes 2 car garage and is also available for acquisition MLS#24030063

Amenities

Life Style :

Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp

This listing is a courtesy of Keller Williams City Views Realty
(201) 592-8900 office, listing agent Tony Nabhan

MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Managing Partner
Broker Associate
646-279-8233 (cell)

Madisom Adams Broker Associate Helena Lobo-Zagorski


About Union City, NJ Real Estate Market

With over 67,000 residents, Union City is an integral part of Hudson County in New Jersey state. Located in the northern part of Hudson County, Union City spans just 1.29 square miles, thus making it one of the most densely populated cities in the country and a part of the New York Metropolitan area.

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):  $575,934
Homes Sold* (12mo):  15
PRICE INDEX
SINGLE FAMILY HOME SALES

Union City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

PRICE INDEX

Average Price* (12mo):  $411,340
Apatments Sold* (12mo):  127
PRICE INDEX
APARTMENT SALES

Union City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX

 

Download Full Apartment Sales Report

REAL ESTATE TAXES

General Tax Rate (2023):  7.438%
Effective Tax Rate (2023):  2.161%
GENRAL TAX RATE - Union City, NJ



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: 10/31/2024 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

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