75 Martin Luther King Jr Dr - Apartments FOR SALE


Jersey City, NJ 07305- Greenville
$500,000 USD
201-341-7107
75 Martin Luther King Jr Dr, Jersey City, NJ for Sale
$500,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

75 Martin Luther King Jr Dr
Jersey City, NJ 07305
Greenville


HIGHLIGHTS

  • Two occupied apartments generating $4,125 per month
  • Approximately 1,100 SF first-floor commercial value-add space
  • Three-story mixed-use investment property

OVERVIEW

Three-story mixed-use investment property in Jersey City’s Greenville/Jackson Hill area featuring two occupied residential apartments and approximately 1,100 SF of first-floor commercial space. In-place residential rents total $4,125 per month ($49,500 annually), with both tenants currently month-to-month. The property is offered strictly as-is. The first-floor commercial renovation is incomplete, and the related permit remains open. Buyer will be responsible for completing the remaining work and permit closeout and should conduct independent physical, financial and municipal due diligence.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

2

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,203 SF

ZONING

Historic NC

APN/PARCEL ID

06-26401-0000-00014

ASK ABOUT THIS PROPERTY

Jason MarzanoPRE CommercialMore Info
201-341-7107

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Jason MarzanoPRE CommercialMore Info
201-341-7107

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