1700 Palisade Ave

Union City, NJ 07087

Property is being sold in as-is condition. Seller will not make any repairs. Buyer is responsible for all lender and certificate of occupancy repairs. Buyer must do their due diligence in confirming zoning. Must give at least 24 hours notice to show the property. Home is tenant occupied- current leases are through January 2023. Paintings on the third floor are not included in the sale of this property.Welcome to 1700 Palisade Avenue! If you have an investor in Union City NJ call them now and schedule your showing! This investment property offers four units in the main house, and a studio apartment behind the house.Three out of five units are rented through January 2023. Rent the two additional units for maximum income! The front of the home offers a large covered front porch leading to a double set of doors for double protection. Upon entering the property you will immediately find the entrance to the first floor apartment, a vestibule area that is currently being used as a mini library and mail station for the tenants, a spiral staircase leading to the second floor and third floor units. Directly behind the mail station you will find a second entrance to the first floor unit, as well as a door located directly under that staircase leading to the basement. Up the spiral staircase you will find the entrances to the second and third apartment. In the rear of the house you will find the fourth unit entrance, as well as a large garden area, perfect for a grill and outdoor furniture. As you walk further down the property you will find the fifth apartment space, which was recently re-done to adapt a more modern look, this space could be used as an in-law suite. With some TLC this property will have great tourism potential, add your new investment property to Airbnb and watch your calendar fill up with tourists from all over the country. The property is conveniently surrounded by shops and restaurants, and is also located right next to 495, providing easy access right into New York City. Conveniently located within minutes of Hoboken and Jersey City. Do not miss out on this rare investment opportunity!