612 12th StUnion City, NJ 07087

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 104 535 in net annual income with a cap rate of approx 5 8 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 the building also includes a full time live in superintendent available 24 7 to promptly address any tenant concerns or maintenance issues this dedicated professional ensures the building is consistently well maintained offering residents peace of mind and exceptional service at all times by having the superintendent on site the owner experiences no burden or worries knowing that the property is in capable hands 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 union city is an outstanding investment area and finding a property in such exceptional condition is a rare opportunity