Brown Harris Stevens

Search
612 12th Street
Union City, New Jersey
$1,899,000 Price
8 Bedrooms   8.0 Baths
CloseClose Video
Photo 1 of 612 12th Street, Union City, New Jersey, $1,899,000, Web #: 23224501Previous PhotoNext Photo1 of 30

Turnkey Investment Property

Incredible investment opportunity for a truly turnkey property in a prime location. Built in 2018, this property consists of four spacious two-bedroom, two-bathroom units, generating an impressive $92,224 in net annual income with a CAP rate of approx. 5%. Each unit has separate utilities, with tenants responsible for their...

Incredible investment opportunity for a truly turnkey property in a prime location. Built in 2018, this property consists of four spacious two-bedroom, two-bathroom units, generating an impressive $92,224 in net annual income with a CAP rate of approx. 5%. Each unit has separate utilities, with tenants responsible for their own water, gas, electricity, and sewer expenses.

The total building spans 8,286 square feet, with individual apartment sizes ranging from 1,076 to 1,235 square feet, situated on a lot measuring 25 x 178. This property offers 6 dedicated parking spaces, ensuring each unit has its own assigned spot, while one unit also feature a private patio. Moreover, any unused parking spots present an excellent opportunity for additional rental income.

These modern apartments boast individual washers and dryers, red oak hardwood flooring, central heating and air conditioning, granite countertops, stainless steel appliances, and granite counters and mosaic tile in the kitchens and classic subway tile in the bathrooms. The building is equipped with a central reporting fire alarm, security systems, and a whole building sprinkler system.
Conveniently located near major highways (Route 3, 495, & 9) and public transportation options, including bus service to Port Authority that takes less than 30 minutes, this property is also close to parks, restaurants, shopping, and grocery stores. The buildings at 610 12th Street and 612 12th Street can be packaged together.

Union City is an outstanding investment area, and finding a property in such exceptional condition is a rare opportunity.

Floorplan for 612 12th Street

Floorplan for 612 12th Street

Calculate your Payments

Asking Price:

Percent Down:

Loan Amount:

Interest Rate:

Loan Term (years):

Estimated Mortgage Payment:

Monthly Real Estate Tax:

Total Monthly Payment:

* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Union City, New Jersey
Type: House
Price: $1,899,000
Re Tax: $2,226
Date Listed: 10/16/2024
Web ID: 23224501

Info & Amenities

Type: 4 Family House
Rooms: 20.0
Bedrooms: 8
Bathrooms: 8.0

Listing Agent(s)

Brown Harris Stevens Real Estate Agent Westley Page
Westley Page
Email Westley
o: 201-478-6721
c: 201-398-8160
Brown Harris Stevens Real Estate Agent Peter Cossio
Peter Cossio
Email Peter
o: 201-478-6710
c: 917-855-5817

More from these Agents

3 Somerset Lane 309, Edgewater, New Jersey - 2 Bedrooms 2 Bathrooms 6 Rooms - Previous PhotoNext Photo1 of 34
3 Somerset Lane, 309
$925,000
Edgewater
2 BR  |  2 BA  |  6 RM
Ann Wycherley  (201) 478-6708
Peter Cossio  (201) 478-6710
300 Park Avenue 5, Hoboken, New Jersey - 2 Bedrooms 1 Bathrooms 4 Rooms - Previous PhotoNext Photo1 of 15
300 Park Avenue, 5
$725,000
Hoboken
2 BR  |  1 BA  |  4 RM
Lori Staselis  (201) 478-6732
Peter Cossio  (201) 478-6710
New Listing
610 -612 12th Street, Union City, New Jersey - 16 Bedrooms 16 Bathrooms 40 Rooms - Previous PhotoNext Photo1 of 30
610 -612 12th Street
$3,798,000
Union City
16 BR  |  16 BA  |  40 RM
Westley Page  (201) 478-6721
Peter Cossio  (201) 478-6710

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all descriptive information should be confirmed by customer. All rights to content, photographs and graphics are reserved to Brown Harris Stevens. Customer should consult with its counsel regarding all closing and tax costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent, in Connecticut, or , in New York State and New Jersey, a dual agent with designated or disclosed agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. In Florida, Broker acts as a Transaction Broker with all sellers and buyers, unless a different form of agency has been established in writing. If you are looking to purchase or rent housing, are using a screen reader, and are having problems using this website, please call 1-833-312-0654 for assistance. Broker actively supports Fair Housing and Equal Housing Opportunities. BHS has adopted the attached policy statement - Prior to showing a homebuyer a property or providing services: (1) BHS does not require identification from a prospective homebuyer, (2) BHS may require a written agreement from a homebuyer before showing properties; and (3) BHS does not require a pre-approval for a mortgage loan in order to show a homebuyer properties. However, based upon the requirements of the seller, the building in which the properties is located, or others, some or all of the foregoing items may be required. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2024 The Real Estate Board of New York, Inc., all rights reserved. RLS Data display by Brown Harris Stevens. Powered by Terra Holdings.