$1,075,000 USD
201-218-9156
327-329 Martin Luther King Jr Dr
Jersey City, NJ 07305
Bergen-Lafayette
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
$1,075,000 USD
PRICE/SF
$199 USD /SF
# OF UNITS
6
PRICE/UNIT
$179,167
CAP RATE
6.42%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1912
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.06 AC
LAND SF
2,750 SF
ZONING
-
APN/PARCEL ID
06-22503-0000-00043
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201-218-9156
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201-218-9156
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