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201 16TH ST

Union City, NJ 07087
  • $1,568,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 240000861
UPDATED: 238 min ago
$1,568,000
  • 0
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
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 eXp Realty. 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 eXp Realty 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: 2024-02-28T00:26:00.787.
www.sellwithsikora.com/homes/146651265
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201 16TH ST Union City, NJ 07087

  • Price: $1,568,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 238 min ago
  • MLS #: 240000861
0
Beds
4
Baths
0
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

Lot Size 31x51 Number Parking Spaces 0 Stories 3

Interior Features

Two Bedrooms 3

Property Features

Approximate Building Age 1913 Commercial Type Investment Easements No Elevators No Flood None Fuel Gas Green Card Yes Gross Income 84600 Internet Yes Lead Paint Form Yes Mixed Use Yes Operating Expenses 20229 Rent Control Yes Taxes 16529

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 eXp Realty. 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 eXp Realty 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: 2024-02-28T00:26:00.787.
 
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eXp Realty
28 Valley Rd Suite 1
Montclair NJ, 07042