913 SUMMIT AVE, Union City, NJ 07087
Local realty services provided by:CENTURY 21 Alliance Realty
913 SUMMIT AVE,Union City, NJ 07087
$1,499,999
- - Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: niren sakaria
Office: weichert realtors201-653-8488
MLS#:260015868
Source:NJ_HCMLS
Price summary
- Price:$1,499,999
About this home
Exceptional value-add mixed-use investment opportunity in the heart of Union City! Ideal for a 1031 exchange or owner-occupant, this income-producing property features 4 one-bedroom residential apartments, 2 street-level commercial storefronts (approximately 700 SF each with basement storage), plus a separate rear auxiliary structure with city-approved approvals already in place for an additional residential unit. The residential apartments are primarily occupied by long-term month-to-month tenants, creating immediate upside through future rent increases. The commercial spaces are occupied by established long-term tenants (CBD store & salon) on annual leases that have consistently renewed, providing stable income while allowing for future rental adjustments. The approved rear auxiliary structure has already been gutted and is ready to be completed into a spacious 2-bedroom residence, with potential for a 3-bedroom layout perfect for an owner to occupy while collecting income from the remaining units, or as an additional rental generating an estimated $2,400-$2,700/month. Once completed, projected NOI is approximately $104,500/year with strong upside as rents are brought to market. Recent capital improvements include upgraded electric and gas meters. Separate gas and electric utilities, public water, public sewer, and natural gas with tenants paying their own utilities keep operating expenses low, making this an outstanding investment just minutes from New York City....
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Home facts
- Listing ID #:260015868
- Added:67 day(s) ago
- Updated:August 27, 2026 at 04:05 PM
Rooms and interior
- Total bathrooms:6
- Full bathrooms:4
- Half bathrooms:2
- Basement Description:Full, Unfinished
Heating and cooling
- Cooling:A/C Window
- Heating:Radiators
Structure and exterior
- Architectural Style:Multi-Level
- Construction Materials:Aluminum/Vinyl
Finances and disclosures
- Price:$1,499,999
- Tax amount:$14,140
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