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1508 Palisade Ave Union City, NJ 07087
$965,000
  • For Sale
  • Sold
  • 3 Full Baths
  • Multi Family
  • ML# 230008046

Property Details

Overview

Presenting a truly remarkable 2-family home, a prized jewel situated in the heart of Union City This property's location is second to none, and its expansive lot size sets it apart. The standalone structure sprawls over a 30.63x100 lot, a feature seldom found in this vibrant urban context. The home's detached nature gifts it a profusion of windows, allowing radiant natural light to flood from every direction, bathing the meticulously maintained interiors in a warm, welcoming glow. This property marries charm with functionality, boasting a roomy garage at the rear, adept at housing two cars, while an extended driveway can host an additional three vehicles. The fully finished basement is a standout addition, offering three extra rooms and a full bathroom, an ideal space for living, entertaining, or accommodating extended family. The house also offers an added layer of security with cameras throughout the property and a comprehensive electrical alarm system. Both units underwent a thorough renovation in recent years. Unit 1, a three-bedroom, one-bath abode, extends a warm invitation with its gleaming hardwood floors throughout. The sizable eat-in kitchen, equipped with newer stainless steel appliances, is a culinary haven, while the tastefully designed bathroom adds a dash of contemporary sophistication. The master bedroom and two additional bedrooms comfortably accommodate queen-sized beds, guaranteeing abundant living space. In-unit laundry and ample storage space underline the unit's convenience. Unit 2, a four-bedroom, one-bath home, showcases matching gleaming hardwood floors. Its expansive eat-in kitchen, complete with brand new stainless steel appliances, rivals its sister unit's appeal. A newly fashioned bathroom echoes the tasteful aesthetic of Unit 1. The generously-sized master bedroom incorporates an additional smaller room, suitable for a vast walk-in closet, a home office, or a nursery. The remaining bedrooms are well-proportioned, easily fitting queen-sized beds. In-unit laundry and extensive storage space further enhance the home's convenience. The home's prime location is a significant highlight, nestled in a lively neighborhood, a mere two blocks from the bustling Bergenline Avenue shopping district. Its close proximity to Colin Powell Elementary School is a boon for families, while the nearby Hoboken is just a viaduct away. For commuters, the numerous bus options available right at your doorstep ensure easy and quick transportation to the city. This 2-family home is a rare gem, offering an ideal mix of comfortable living, convenience, and appealing charm. Moreover, this property shines as an exceptional investment opportunity. Both units are currently tenant-occupied, ensuring a consistent rental income stream from the get-go. The spacious garage and the basement, too, are rented out, enhancing the property's overall profitability. The home's meticulously maintained condition is a significant advantage for investors, keeping maintenance and attention requirements to a minimum. The high standard of upkeep means that you can concentrate on rent collection without the worry of constant repairs or updates. Whether you're a homebuyer desiring a property with an income-generating unit or an investor scouting for a lucrative addition to your portfolio, this Union City property is an ideal pick. Its blend of prime location, high-quality renovations, and rental income potential makes it a uniquely appealing real estate opportunity in the pulsating heart of Union City

Key Facts

  • Style: Multi-Level
  • Lot Size: 30.63X100
  • Taxes: $11,761
  • Type Sale: For Sale
  • Block: 00181
  • Lot: 0006

Additional Features

  • Garage: Yes
  • Parking Spaces: Yes
  • Parking Facilities: 3+ Cars, Garage

Rooms & Floor Plans

  • Full Bath: 3
  • Kitchen: 2
  • Living Room: 3

Interior & Utilities

  • Heat: Baseboard
  • Fuel: Gas
  • A/C: A/C Window

Financial

  • Taxes: $11,761
  • Insurance: 3955
  1. Presented by

    Presented by Aimee Gurrea

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Listing Information provided courtesy of LIBERTY REALTY LLC. Call at 201-610-1010