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201 16TH ST

Union City, NJ 07087
  • $1,398,000
  • STATUS: Active
  • ON SITE: 95 Days
  • MLS #: 240000858
$1,398,000
  • 6
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

Introducing a prime investment opportunity in the heart of Union City on the corner of 16th and Manhattan Ave, this mixed-use building seamlessly blends commercial success with residential comfort. The ground floor boasts a thriving restaurant, Fork Hill Kitchen, providing a bustling atmosphere for patrons and ensuring a steady stream of income for investors. Upstairs, discover 3 updated and spacious 2 bedroom and 1 bath apartments, each designed for modern living. The apartments offer a perfect balance of style and functionality, attracting potential tenants seeking contemporary comforts. With separate gas and electric utilities for each unit, the new owner won't have to worry about unnecessary carrying costs. Recent upgrades include a two-year-old roof and two brand-new water heaters. This turnkey investment opportunity promises a lucrative return, combining a successful restaurant venture with updated residential spaces in a prime location. Investors looking for a diversified and profitable asset should seize this chance to capitalize on the thriving potential of this mixed-use gem.

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© 2024 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Corcoran Baer & McIntosh are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2024-04-19T22:20:45.447.
www.baerhomes.com/homes/146651272
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201 16TH ST Union City, NJ 07087

  • Price: $1,398,000
  • Status: Active
  • On Site: 95 Days
  • MLS #: 240000858
6
Beds
3
Baths
1
½ Baths
N/A
Acres
Neighborhood:
Union City
County:
Hudson
Area:
Union City
Property Description
Introducing a prime investment opportunity in the heart of Union City on the corner of 16th and Manhattan Ave, this mixed-use building seamlessly blends commercial success with residential comfort. The ground floor boasts a thriving restaurant, Fork Hill Kitchen, providing a bustling atmosphere for patrons and ensuring a steady stream of income for investors. Upstairs, discover 3 updated and spacious 2 bedroom and 1 bath apartments, each designed for modern living. The apartments offer a perfect balance of style and functionality, attracting potential tenants seeking contemporary comforts. With separate gas and electric utilities for each unit, the new owner won't have to worry about unnecessary carrying costs. Recent upgrades include a two-year-old roof and two brand-new water heaters. This turnkey investment opportunity promises a lucrative return, combining a successful restaurant venture with updated residential spaces in a prime location. Investors looking for a diversified and profitable asset should seize this chance to capitalize on the thriving potential of this mixed-use gem.
Exterior Features

Exterior Finish Aluminum/Vinyl Lot Size 31x51 Parking None Style Other-See Remarks

Interior Features

Basement FullUnfinished Floor1 Rooms 0 Floor2 Rooms 5 Floor3 Rooms 5 Floor4 Rooms 5 Heating Cooling A/C WindowBaseboardGas Level2 Baths 1 Level2 Bedrooms 2 Level3 Baths 1 Level3 Bedrooms 2 Level4 Baths 1 Level4 Bedrooms 2 Total Other Rooms 0

Property Features

Exclusions Personal Property Floor1 Rent 2250 Floor2 Rent 1300 Floor3 Rent 1650 Floor4 Rent 1850 Inclusions Major appliances Insurance Expense 2500 Internet Yes Lead Paint Form Yes Multifamily Type 4 Family Taxes 16529 Water Sewer Expense 1200

Listing provided courtesy of EXP REALTY LLC:866-201-6210.


© 2024 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Corcoran Baer & McIntosh are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2024-04-19T22:20:45.447.
 
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