503 Central Avenue

Union City, NJ 07087

$825,000
Price
6
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Step foot into your next property, 503 Central Avenue; in the heart of union city this gem awaits its next owner! A legal 3 family, income producing property (with parking!) that you can owner occupy or use as a full investment which boasts a 7.2% cap rate. Each unit is 2 bedroom and 1 bathroom, fully updated with separate utilities. Two units have private terraces and one has a backyard. Landlord only pays for hot water heat, water and sewer. With unit3 paying an additional $175 for the parking....Step foot into your next property, 503 Central Avenue; in the heart of union city this gem awaits its next owner! A legal 3 family, income producing property (with parking!) that you can owner occupy or use as a full investment which boasts a 7.2% cap rate. Each unit is 2 bedroom and 1 bathroom, fully updated with separate utilities. Two units have private terraces and one has a backyard. Landlord only pays for hot water heat, water and sewer. With unit3 paying an additional $175 for the parking. Located steps from Washington park, local eateries, houses of worship and public transportation. Easy access to all major highways make commuting a dream. Inquire today to make 503 Central yours!
  1. Listed by TAREK HASSIEB • LIBERTY REALTY LLC

Property Details for 503 Central Avenue

Architectural Style
Row House
Type Of Parking
2 Cars, Attached, Covered, Garage
Area
Union City
Heating & Cooling
A/C Window, Baseboard, Gas

Location

Listing Courtesy of LIBERTY REALTY LLC, TAREK HASSIEB
Add your commute
LISTING UPDATED: 06/10/2024 10:16 PM

Property Details for 503 Central Avenue

StatusAtty Review In Progress
MLS #240009885
Days on Market15
Taxes$13,339 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type3-4 FAMILY / 3 Family
Year Built-
Lot Size0.04 AC / 1,620 SF
CountyHudson County

Location

Listing Courtesy of LIBERTY REALTY LLC, TAREK HASSIEB
Add your commute

Building Information for 503 Central Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.04 AC / 1,620 SF

Payment Calculator

$5,614 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,502

Property Taxes

$1,112

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 503 Central Avenue

Summary
Location and General Information
  • Address: 503 CENTRAL AVE
  • Address Number: 503
  • Address Search Number: 503
  • Between: 6th St & Central Ave
  • Street Name: CENTRAL AVE
  • City Name: Union City
  • County Or Parish: Hudson
Taxes and HOA Information
  • LVT Date: 05-23-2024
  • Tax Year: 2022
  • Taxes: $13,339
Property
Lot Information
  • Block: 21
  • Lot: 13.01
  • Lot Dimensions: 27x60
Property and Assessments
  • Associated Document Count: 2
  • Charge: Y
Utilities
  • Water Sewer Expense: $3,600
Interior and Exterior Features
Exterior Features
  • Exterior: Block, Brick
Interior Features
  • Basement Description: None
  • Fl1 Rooms: 4
  • Fl2 Rooms: 5
  • Fl3 Rooms: 5
  • Fl4 Rooms: 0
  • Floor 1 Bedrooms: 2
  • Floor 1 Full Baths: 1
  • Floor 1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Floor 1 Rent: 1750
  • Floor 2 Bedrooms: 2
  • Floor 2 Dining Room: 1
  • Floor 2 Full Baths: 1
  • Floor 2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: 2225
  • Floor 3 Bedrooms: 2
  • Floor 3 Dining Rooms: 1
  • Floor 3 Full Baths: 1
  • Floor 3 Kitchens: 1
  • Floor 3 Living Rooms: 1
  • Floor 3 Rent: 2200
  • Total Dining Rooms: 2
  • Total Kitchens: 3
  • Total Living Rooms: 3
  • Total Other Rooms: 0
  • Num of Baths: 3
  • Half Baths Total: 0
  • Full Baths Total: 3
  • Num Full Baths: 3
  • Num Half Baths: 0
  • Bedrooms Total: 6
Multi Family
Multi-Family Information
  • Insurance Expense: $2,076

Property History for 503 Central Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 503 Central Avenue

Taxable ValueLand$71,800Additions$108,200Total$180,000
Tax Record2022$13,340 ($1,112 / month)
Home Facts
Beds0Total Finished SqFt2,498 SqFtAbove Grade Finished SqFt2,498 SqFtStories2Lot Size1,620 SqFtStyleSingle Family ResidenceYear Built2016CountyHUDSONAPN10 00021-0000-00013- 01

Schools near 503 Central Avenue

This home is within Union City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 1 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Thomas A. Edison Elementary School
PublicPK to 6

Sara M. Gilmore Academy
Public1 to 8

Emerson Middle School
Public6 to 8

Union City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Listing Courtesy of LIBERTY REALTY LLC, TAREK HASSIEB

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