2-4 Family Home For Sale in Union City, NJ
MLS# : 25007587
PROPERTY DETAILS
PROPERTY DESCRIPTION
Rare Investment Opportunity in the Heart of Union City! A truly unique opportunity to own a turn-key, 4-family property just minutes from Midtown Manhattan. Ultra-high rental income due to new development which enabled removal of rent control. This exceptional offering includes two separate structuresâ€â€a front 2-family home and a rear 2-family homeâ€â€connected by a charming shared courtyard. Unit 1 offers 1st floor and finished basement. It is fully updated with 3 bedrooms and 2 bathrooms. Unit 2 offers 3 bedrooms and 1 bathroom and is also fully updated. Unit 3 which is part of the rear home, offers 3 bedrooms and 2 bathrooms. Unit 4 offers 2 bedrooms and and 2 bathrooms with a huge private deck. Unit 3 and 4 are brand new renovations. Each unit has separate utilities, laundry in unit, and leases are on file. The property is ideally located just steps from NYC transportation, and near vibrant nightlife, top restaurants, cozy coffee shops, shopping, places of worship, and easy ac
Amenities
This listing is a courtesy of Christie's International Real Estate Group-Paramus
201-975-4141 office, listing agent Taylor C. Lucyk
About Union City, NJ Real Estate Market
The Union City is situated atop the ridge of the lower Hudson Palisades. Due to a high elevation, the city offers clear views of surrounding municipalities like New Jersey Meadowlands and New York City Skyline. It shares its borders with other parts of Hudson County, such as Jersey City, Hoboken, Weehawken, North Bergen and West New York.
The formation of Union City as a city happened in 1925 by an act of the New Jersey Legislature. Union City was established by merging Union Hill and West Hoboken Township. The city’s name got derived from the names of these two municipalities. In its early stages, Union City was inhabited by German and Spanish speaking people.
Union City is divided into two parts by New Jersey Route 495, which resulted in the renaming of many street names in the city. Most of the homes for sale in this part of Hudson County are located on streets like 32nd Street, Hackensack Plank Road and Bergen Turnpike, which form Union City’s urban grid.
| Population: | 65,551 |
| Total Housing Units: | 22,411 |
| Single Family Homes: | 5,756 |
| Apartments: | 16,655 |
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
| Compare To Other Towns |
Union City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $536,525 |
| Homes Sold* (12mo): | 11 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $436,066 |
| Apatments Sold* (12mo): | 142 |
APARTMENT SALES
Union City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $340,000 - 1,995,000 | 5 |
| Condos : | $125,000 - 875,000 | 55 |
| Co-ops : | $249,000 - 569,000 | 13 |
| Twnhs : | $489,000 - 850,000 | 3 |
| 2-4 Fam : | $550,000 - 1,999,995 | 21 |
| 5+ Fam : | $949,000 - 1,299,000 | 4 |
| Land : | $549,000 - 549,000 | 1 |
| Rentals : | $1,700 - 5,000 | 10 |
| Mixd Use : | $790,000 - 2,650,000 | 10 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $81,900 - 250,000 | 6 |
