615 Summit Avenue

About this home

Location! Location! Location! Ideally situated on Summit Avenue in Union City, this mixed-use investment property enjoys a highly visible location in one of Hudson County's most established commercial and residential corridors. The property benefits from excellent access to NJ Transit buses with convenient service to Midtown Manhattan and is just minutes from the Lincoln Tunnel, making it highly desirable for commuters. Surrounded by local businesses, restaurants, shopping, schools, parks, and everyday conveniences, the area supports strong demand for both residential and commercial space. Union City's high population density, walkability, and proximity to New York City continue to make it an attractive market for investors seeking stable rental demand and long-term appreciation. The property features two 2-bedroom apartments, two 1-bedroom apartments, and one commercial storefront, generating approximately $109,000 in annual gross income, with operating expenses of approximately $38,000 and a Net Operating Income (NOI) of approximately $71,000. All units have separate utilities, including gas, electric, and water, minimizing landlord expenses and providing ease of management for investors.