OPPORTUNITY To purchase a 6 family with garage in the heart of Union City. Rent roll WAY BELOW MARKET VALUE generating 80k gross and around $63,000 net income yearly. Ton of back end potential to purchase in a growing area with values and rent rolls raising year over year. Located close to all major transportation and shopping and walking distance to anything needed. This is one you don't want to miss as a fantastic portfolio acquisition.
Property Details
Property Features
Property Information:
Year Built: 1910
Living Area: 4,254 SqFt
Listing Office:
Office Name: EXP Realty
Listing Agent: Aleksandr Pritsker
Interior Features
Interior Information:
Basement: Yes
Lot Features
Lot Information:
Lot Size: 0.06 Acres
Utilities
Utilities Information:
Heating: Baseboard
Cooling: Central Air
School Info
Assigned Schools Information:
Union City High School, Public District Grades 9-12
Woodrow Wilson Elementary School, Public District Grades 1-8
Veterans' Memorial Elementary School, Public District Grades PK-5
Price Information
Listing Price Info
Price Summary:
List Price: $875,000
Price Per SqFt: $206/SqFt
Tax Information:
Annual Amount: $9,840
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Union City, NJ.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,435
Per Month
Principal & Interest
$4,368
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,690
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Veterans' Memorial Elementary School
1401 Central Ave
Distance between this listing and this school0.19 miles
Public District Grades PK-5
Middle School
8
/10
Woodrow Wilson Elementary School
80 Hauxhurst Ave
Distance between this listing and this school1.06 miles
Public District Grades 1-8
High School
2
/10
Union City High School
2500 Kennedy Blvd
Distance between this listing and this school0.71 miles
Public District Grades 9-12
Assigned Schools
2
/10
Veterans' Memorial Elementary School
1401 Central Ave
Distance between this listing and this school0.19 miles
Public District Grades PK-5
Nearby Schools
7
/10
Colin Powell Elementary School
1500 New York Ave
Distance between this listing and this school0.20 miles
Public District Grades KG-5
6
/10
Thomas A Edison Elementary School
507 West St
Distance between this listing and this school0.33 miles
Public District Grades PK-6
Assigned Schools
8
/10
Woodrow Wilson Elementary School
80 Hauxhurst Ave
Distance between this listing and this school1.06 miles
Public District Grades 1-8
Nearby Schools
8
/10
Emerson Middle School
318 18th St
Distance between this listing and this school0.32 miles
Public District Grades 6-8
5
/10
John F Kennedy Elementary School
1210 11th St
Distance between this listing and this school0.36 miles
Public District Grades KG-8
Assigned Schools
2
/10
Union City High School
2500 Kennedy Blvd
Distance between this listing and this school0.71 miles
Public District Grades 9-12
Nearby Schools
8
/10
Jose Marti Freshman Academy
1800 Summit Ave
Distance between this listing and this school0.39 miles
Public District Grades 9-9
5
/10
Hoboken Charter School
255 Congress St
Distance between this listing and this school0.88 miles
The neighbors living near this home have an average income of $45,807. Typical income of Union City, NJ residents is between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 1213 Bergenline Ave in Union City, NJ and zip code 07087. This 4,254 square foot home, which was built in 1910, sits on a 0.06 acre lot. It has been listed on Rocket Homes since March 19, 2024 and is currently priced at $875,000.
The number of homes for sale in Union City, NJ increased by 46.2% between February 2024 and March 2024. Listings spent 100 days on the market in March 2024, and had a median list price of $449,900 during the same period.
From Rocket Homes Real Estate and based on county public records data.