404 46th St, Union City, NJ 07087

Property Description

AN EXCEPTIONAL 3 FAMILY HOME + RARE 3 CAR PARKING + LARGE BACKYARD + TWO TERRACES + THREE BLOCKS TO HUDSON-BERGEN LIGHT RAIL STATION. Located one block east of vibrant and lively BERGENLINE AVENUE. A strong multifamily investment listing in the extremely desirable Hudson County market. This is a high-demand rental corridor, especially for NYC commuters priced out of Manhattan. PROPERTY OVERVIEW: Type: 3-family home. Units: Ground: 1BR / 1BA (walk-out to backyard), 2nd floor: 3BR / 1BA + terrace, 3rd floor: 3BR / 1BA + terrace + partial skyline view (including Empire State Building area). Size: ~3,077 sq ft. Lot: 25 × 100 ft. Parking: Rare 3-car parking. Outdoor space: Backyard + 2 terraces. INVESTMENT HIGHLIGHTS: Projected Cap Rate: 7.62% (solid for North Jersey), Separate utilities: Gas & electric meters (great for expense control), Income strategy: Live in one unit + rent 2 (classic house-hack), Or fully rent for cash flow. Vacancy timeline: Ground unit leased until June 30, 2026. ENTIRE PROPERTY DELIVERED VACANT (big plus for flexibility). LOCATION ADVANTAGES: THREE BLOCKS to the Hudson-Bergen Light Rail. Near major commuter routes. Lincoln Tunnel, NJ Turnpike, Routes 3 and 1&9, Extensive transit network (10+ bus lines to NYC). CONVENIENT TO: Restaurants, cafes, nightlife, clubs, schools, parks, medical facilities, post office, banks, houses of worship. BOTTOM LINE: A strong cash-flowing asset. A great owner-occupant play with upside. Particularly valuable because of parking + outdoor space + transit proximity (rare combo).