505 5th Street Union City, NJ 07087

$874,999
Reduced $24,001
11
Beds
4
Baths
0.06
Acres
3,150
SQFT
278
$/SQFT
$874,999
Reduced
$24,001
11
Beds
4
Baths
3,150   sf
$278 / sf
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Discover a prime investment opportunity in the heart of Union City! This newly renovated 4-family property has updated amenities, ensuring a steady and reliable rental income. Property highlights include updated kitchens and bathrooms in all units, providing a fresh and contemporary living space. All units are currently rented, guaranteeing immediate income for the new owner. Split utilities, so tenants are responsible for their own utilities, reducing overhead costs for the landlord. Three apartments are large spacious 3 bedrooms, 1-bathroom units. One apartment is 2 bedrooms, 1 bathroom and currently vacant. All tenants are on month-to-month leases. This property is perfect for investors looking to expand their portfolio with a low-maintenance, high-return assets.

Discover a prime investment opportunity in the heart of Union City! This newly renovated 4-family property has updated amenities, ensuring a steady and reliable rental income. Property highlights include updated kitchens and bathrooms in all units, providing a fresh and contemporary living space. All units are currently rented, guaranteeing immediate income for the new owner. Split utilities, so tenants are responsible for their own utilities, reducing overhead costs for the landlord. Three apartments are large spacious 3 bedrooms, 1-bathroom units. One apartment is 2 bedrooms, 1 bathroom and currently vacant. All tenants are on month-to-month leases. This property is perfect for investors looking to expand their portfolio with a low-maintenance, high-return assets.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Hudson
  • Area
    Union City
  • Tax Amount
    $15,728
  • Status
    Active
  • Listing #
    22501507
  • Built
    1900
  • Lot Size
    0.06
  • Listed on site
    108 days
  • Listing Agent Phone
    (732) 972-1000

Listed by:
RE/MAX Central

Listing provided by Monmouth Ocean Regional MLS.
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Property details

Community Features

  • No HOA
  • No Adult Community

Exterior features

  • No Pool
  • Basement

Style

  • Three+ Story

Property History

DateDays AgoEventNew Price
Apr 1, 20251 mo agoPrice decreased24,001 (3%)$874,999
Jan 18, 20254 mos agoNew on market$899,000
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Realtor
Photo of Kateryna Derevenskaya