GREAT INVESTMENT PROPERTY! 10% CAP rate based off projected rents. This 2-Family mixed use property features 2 spacious 3 Bed/1.5 Bath units and commercial space on the ground level. The units are tenant occupied with month to month tenants. New roof and new stairs recently done. 3 separate electric meters separating the commercial space, and units. Close to local shops, restaurants, schools, and parks. The location can't be beat - one block from bus stations and JFK Blvd, and a few blocks away from Danforth Ave Light Rail Station for seamless transportation to NYC. Income & Expense sheet available upon request. This property won't last long, schedule a showing today!
Off market
$687,800
40 Martin Luther King Jr Dr, Jersey City, NJ 07305
6beds
--sqft
MultiFamily
Built in ----
-- sqft lot
$687,800 Zestimate®
$--/sqft
$3,075 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Gas
Property
Features
- Exterior features: Brick
Lot
- Size: 2,269 sqft
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other-See Remarks
Community & neighborhood
Location
- Region: Jersey City
HOA & financial
Other financial information
- Total actual rent: 1900
Other
Other facts
- Heating: Gas
- HeatingYN: true
- ConstructionMaterials: Brick
- Exclusions: Owner's personal belongings.
- ArchitecturalStyle: Other-See Remarks
- ParkingFeatures: See Remarks
- WaterSewerExpense: 2300
- InsuranceExpense: 2000
- TotalActualRent: 1900
- Inclusions: All major installed appliances.
- MlsStatus: Under Contract
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$687,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$687,800