327-329 Martin Luther King Jr Dr - Apartments FOR SALE
Jersey City, NJ 07305 |
327-329 Martin Luther King Jr Dr
Jersey City, NJ 07305
HIGHLIGHTS
- Value-Add Opportunity: 6 Units | 35% Upside | 6.42% Cap Rate | $179K Price Per Unit
- 100% Free Market | 4 Residential Units | 2 Commercial Units | 3/4 Residential Units Renovated | Exposed Brick | All Two Bedrooms
- Tenant pays for heat, hot water, cooking gas, & electric
- Landlord pays for water/sewer & common area electric
- Two Blocks Away from the Light Rail
- The building is approximately a 5-minute walk to MLK Drive light rail stop which provides a total 35 minute trip to Manhattan via the PATH Train.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
5400
STORIES
3
YEAR BUILT
1912
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
06-22503-0000-00043
