40 Martin Luther King Jr Dr - Multi-Family FOR SALE


Jersey City, NJ 07305- Bergen-Lafayette
$619,000 USD
347-243-7060
40 Martin Luther King Jr Dr, Jersey City, NJ for Sale
$619,000 USD
Multi-Family - FOR SALE
1/11
null | 7.04% Cap Rate

40 Martin Luther King Jr Dr
Jersey City, NJ 07305
Bergen-Lafayette


HIGHLIGHTS

  • Existing income with room for upside
  • Solid brick building
  • Spacious two apartments, consisting each 3 beds, 1 and half baths.

OVERVIEW

Versatile mixed use opportunity featuring two residential units, one commercial space, and a private backyard. Currently generating stable income with room for upside, Ideal for investors, owner occupants, or business owners. Each unit features 3 bedrooms and One and a half Bath with additional basement storage. Separate utilities paid by tenants add to the property’s efficiency and appeal. Conveniently located near the Richard Street Light Rail, offering easy access to Downtown Jersey City and Manhattan. A smart opportunity with flexibility, visibility, and long term upside.

FOR SALE DETAILS

PRICE

$619,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

3

PRICE/UNIT

$206,333

CAP RATE

7.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Income Producing Mixed use in Greenville JC!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

06-20902-0000-00076

ASK ABOUT THIS PROPERTY

Mordy AbeleszeXp RealtyMore Info
347-243-7060

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Mordy AbeleszeXp RealtyMore Info
347-243-7060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.