For Sale
$925,000

4112 Bergenline AveUnion City, NJ 07087

High-return Bergenline Ave property. 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property, located at 4112 Bergenline Avenue in Union City, New Jersey (zip code 07087), presents a compelling investment opportunity. The building is currently 100% occupied, generating a strong net operating income (NOI) of $61,800, resulting in a 6.68% capitalization rate. The asking price is $925,000. The property's prime location on Bergenline Avenue offers significant potential for increased revenue and a higher cap rate. The building features a well-established commercial business on the ground floor and a comfortable residential unit above, comprising two bedrooms and two bathrooms. This unique combination provides a stable income stream from both commercial and residential tenants. Situated in Hudson County, this property benefits from its strategic location within a vibrant and densely populated area. The address is easily accessible and enjoys high visibility on a major thoroughfare. This is an ideal opportunity for investors seeking a strong return on investment in a prime New Jersey location. The property's current occupancy and established income stream make it a low-risk, high-reward investment. Further potential exists to increase the cap rate through various strategies, making this a truly attractive proposition for discerning investors.

Highlights

  • Prime location with significant cap rate growth potential.
  • High-traffic area with strong tenant demand.
  • Modern building systems and efficient floor plans.
  • Below-market lease rates offer immediate value-add opportunity.
  • Strong tenant roster with long-term lease agreements.

Property Details for 4112 Bergenline Ave

Property type
Mixed-use properties

Location Insight

City
Union City
County
Hudson
State
New Jersey
Latitude
40.777218079139
Longitude
-74.025295817503
4112 Bergenline Ave, Union City, New Jersey

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4112 Bergenline Ave
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