509 Monastery Pl

Investor’s Dream in Prime Union City Location! This legal 4-family property with a bonus studio presents an outstanding opportunity for strong rental income and long-term upside in one of Hudson County’s most commuter-friendly neighborhoods. Ideally situated just minutes from NYC via bus or light rail, steps from Bergenline Avenue, and close to parks, shopping, and schools, this property offers exceptional convenience and desirability. The first floor features two units: Unit 1L with 1 bedroom and 1 bath, and Unit 1R with 2 bedrooms and 1 bath. The second floor offers Unit 2L with 2 bedrooms and 1 bath, and Unit 2R with 2 bedrooms and 1 bath. ALL TENANTS ARE ON A MONTH to MONTH BASIS, offering flexibility for investors or owner-occupants. Additional highlights include a large empty basement that can be used for storage or customization, currently equipped with a coin-operated washer and dryer, an additional bath, and separate utilities for each unit. Heat and water are paid by the owner. 2 vacant apartments provide immediate upside. Income generating potential of $86,000 a year or more with the basement used as a storage. With low taxes, strong tenant demand, and immediate cash-flow potential, this high-performing asset is ideal for investors or those looking to house-hack in a prime location. Whether expanding your portfolio or securing a reliable income-producing property, this is an opportunity not to be missed.