Sold!
$7,545,000
24
Beds
12
Baths
13,543
Living Area
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Property Description
Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). September 2024 Projected Rent Roll is $47,200 per month (only two parking spaces unrented for upcoming year). Historical operating expenses of approximately $65,000. Projected NOI of approximately $500,000!
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Highlights
- Area: Union Square
- Parking Spots: 12
- Property Type: 5-9 Family
- Year Built: 1910
- Has View: Yes
- Property Class: Residential Income
- Total Rooms: 48
- Status: Closed
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Additional Details
- Basement: Full
- Foundation: Concrete Perimeter, Brick/Mortar
- Total Number of Units: 12
- Year Built Details: Approximate
- Zoning: Res
- Flooring: Wood
- Road Frontage Type: Public
- View: City View(s)
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
- Parking Features: Paved Drive, Off Street, Assigned, Driveway
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $3,534,000
- Compensation Based On: Net Sale Price
- Tax Year: 2024
- Total Rent: $5,150
- Buyer Agent Compensation: 2.0%%
- Facilitator Compensation: 2.0%%
- Taxes: $37,178
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of United Real Estate, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
