OPPORTUNITY To purchase a 6 family with garage in the heart of Union City. Rent roll WAY BELOW MARKET VALUE at a current $8300 a month with all tenants being on month to months but have been there for years. The possibilities are endless here with either purchasing and holding or raising rent value and creating more value on your money. With a net income of $6500 monthly at asking is a 6.5% cap but with real market rent roll looking at closer to 10k net conservative would bring to closer to a 9 cap for any savvy investor there's a deal to be had here! Location growing value by the day and possibilities are endless here for excellent financial returns!
Courtesy of: EXP Realty Information Source: Monmouth Ocean Regional REALTORS®
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Updated: 16th August, 2022 1:44 AM (UTC)