509 MONASTERY PL new

Union City,NJ 07087

$ 1150000

8 Beds

6 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250015372

Bedrooms 8

Full Baths 6

Annual Tax Amount $13,528

Tax Year 2023

Lot Dimensions 27X100

Property Sub-Type 4 Family

Property Description

Investor's Dream in Prime Union City Location!This Legal 4-family property with a bonus studio offers excellent rental income (all below market rent with mth to mth leases) and long-term upside in one of Hudson County's most commuter-friendly neighborhoods—just minutes to NYC via bus or light rail, Steps from Bergenline Ave, and close to parks, shopping, and schools. The first floor features Unit 1L: 1 bedroom, 1 bath, approx rental at $1,500/month will be delivered Vacant, Unit 1R: 2 bedrooms, 1 bath, rented at $1,250/month. The second floor offers Unit 2L: 2 bedrooms, 1 bath, rented for $1,400/month, and Unit 2R: 2 bedrooms, 1 bath, rented at $1,200/month. In the rear, a bonus studio with private entrance includes 1 bedroom and 1 bath. Additional features include a shared laundry area in the basement, a bath and separate utilities for each unit, Heat & Water paid by the owner. With low taxes and strong tenant demand, this is a high-performing asset generating immediate cash flow. Whether you're house-hacking or expanding your investment portfolio, this opportunity is not to be missed!

Location

State NJ

County Hudson

Area Union City

Rooms

Basement Finished

Interior

Heating Gas,Radiators

Cooling Gas,Radiators

Exterior

Exterior Feature Aluminum/Vinyl,Brick

Parking Features None

View More
Favorite Go Tour