2913 Jeannette Street, Union City, NJ 07087

This mixed-use property features four residential one-bedroom units and two commercial units, including a Zumba school and a religious facility. Generating a gross income of $126,700 with expenses of $36,240 and a NOI of $90,460, it offers strong income-producing potential. Located within the Redevelopment Area, the property sits in a redevelopment zone with potential for future high-rise or mixed-use development, subject to township approvals. It provides prime transportation access to New York City, with NJ Transit buses and shuttles stopping directly in front of the building. Renovated in 2011 with updated electric and plumbing systems and connected to a central station alarm service, the property also features a backyard facing 30th Street that can potentially be converted into a parking area, subject to township approvals and permissions. A rare investment opportunity combining steady income and redevelopment potential in a highly desirable, transit-accessible location. The … read more …