7
See all 7 photos
$1,150,000
Est. payment /mo
8 Beds
6 Baths
New
509 MONASTERY PL Union City, NJ 07087
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Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250015372
Bedrooms 8
Full Baths 6
Annual Tax Amount $13,528
Tax Year 2023
Lot Dimensions 27X100
Property Sub-Type 4 Family
Property Description
Investor's Dream in Prime Union City Location!This rare LEGAL 4-family property with a bonus studio offers excellent rental income (all below market rent with mth to mth leases) and long-term upside in one of Hudson County's most commuter-friendly neighborhoods—just minutes to NYC via bus or light rail, Steps from Bergenline Ave, and close to parks, shopping, and schools. The first floor features Unit 1L: 1 bedroom, 1 bath, approx rental at $1,500/month will be delivered Vacant, Unit 1R: 2 bedrooms, 1 bath, rented at $1,250/month. The second floor offers Unit 2L: 2 bedrooms, 1 bath, rented for $1,400/month, and Unit 2R: 2 bedrooms, 1 bath, rented at $1,200/month. In the rear, a bonus studio with private entrance includes 1 bedroom and 1 bath, generating $700/month—perfect for extra income or in-law use. Additional features include a shared laundry area in the basement and separate utilities for each unit, Heat & Water paid by the owner. With low taxes and strong tenant demand, this is a high-performing asset generating immediate cash flow. Whether you're house-hacking or expanding your investment portfolio, this opportunity is not to be missed!
Location
State NJ
County Hudson
Area Union City
Rooms
Basement Finished
Interior
Heating Gas, Radiators
Cooling Gas, Radiators
Exterior
Exterior Feature Aluminum/Vinyl, Brick
Parking Features None
Listed by PREMIUMONE REALTY LLC