512 Monastery PlUnion City, NJ 07087

Introducing 512 monastery place the money maker this prime 4 family investment property is ideally located just half a block from bergenline avenue and nyc transportation making it a commuter s dream this well maintained building features three of the 4 units being renovated with modern finishes and layouts that attract high quality tenants residents enjoy access to a private central courtyard offering a unique sense of community and outdoor space rarely found in union city multifamily properties this also makes it pet friendly all units have separate utilities except for water offering convenience and minimizing landlord overhead one of the units has a second door leading to a finished basement with a large rec room and full bath with a monthly gross rental income of 12 250 and low expenses this property currently yields a solid 6 61 cap rate rents are registered higher with the township making future increases easy annual operating costs include approx 16 000 in taxes 4 000 in insurance and 3 000 for water roof furnace 2 years young whether you re looking to expand your portfolio or secure a strong cash flowing asset in one of hudson county s most vibrant markets 512 monastery place is the opportunity you ve been waiting for