Union City Homes with Investment Subtype

Union City Homes with Investment Subtype

Welcome to Union City, New Jersey—a vibrant gem nestled in Hudson County that perfectly blends urban sophistication with a welcoming community spirit. With its rich cultural diversity, Union City boasts a lively atmosphere filled with art, music, and culinary delights. Just a stone’s throw from Manhattan, this city offers residents the unique advantage of a suburban feel while being mere minutes away from the bustling energy of New York City.

As you explore Union City, you’ll discover a variety of charming neighborhoods, each with its own unique character. From the historic architecture that tells tales of the past to modern developments that cater to contemporary lifestyles, there’s something for everyone here. The city is also home to a plethora of parks, local shops, and dining options that reflect its multicultural heritage, making it an ideal place for families, young professionals, and retirees alike.

For those considering real estate investments, Union City presents a compelling opportunity. The housing market here features a mix of single-family homes, multi-family units, and condos, catering to various budgets and preferences. With its strategic location and ongoing development projects, Union City is poised for continued growth, making it an attractive option for savvy investors looking to capitalize on a thriving market.

Whether you’re seeking a cozy home to settle down in or a promising investment property, Union City, NJ, has it all. Embrace the charm and potential of this dynamic city, and discover why so many are choosing to call Union City home.

Newest Union City Homes with Investment Subtype

$899,000
260018476 MLS
706 7th Street, Union City | Investment / Owner-User Opportunity | $899,000 What could you do with 3,800 square feet of freestanding space in the middle of Union City? That's the opportunity at 706 7th Street—a two-story brick building that gives its next owner something increasingly difficult to find in Hudson County: space, parking, drive-in access and the freedom to create a plan around their own needs. The approximately 3,800 SF building offers roughly 2,500 SF on the first floor and 1,300 SF upstairs, with approximately 13-foot ceilings, a drive-in garage door and curb cut, 2 parking spaces, 3-phase power, substantial electrical service, gas service and 3 half baths. For the business owner, this could mean finally owning the building instead of paying someone else's rent. For an investor, it could mean leasing or repositioning the existing space. And for the buyer looking beyond today's use, the 25×100 lot and residential zoning create another conversation entirely—including the potential to explore residential redevelopment or a different configuration, subject to zoning and municipal approvals. Union City's R district currently permits one- and two-family dwellings. Located between Central Avenue and West Street, the property sits within Union City's dense residential fabric with convenient access to Jersey City, Hoboken, Route 495, the Lincoln Tunnel and Manhattan. Warehouse. Workspace. Investment. Owner-user. Future redevelopment. 706 7th Street isn't about telling the next owner what it has to be. It's about giving them the building, the location and the opportunity to decide what it can become. Offered at $899,000.

706 7th St, Union City

$1,295,999
260017347 MLS
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.

913 Summit Ave, Union City

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The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than our company are marked with the HCIDX mark and the information about them includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting. Information is deemed reliable but not guaranteed.