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503 Martin Luther King Jr Dr

Jersey City, Bergen-Lafayett, NJ 07304
  • $749,000
  • STATUS: Active
  • ON SITE: 164 Days
  • ID#: 230010061
UPDATED: 14 min ago
$749,000
  • 6
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

Welcome to 503 Martin Luther King Dr, a remarkable opportunity for savvy investors and business-minded individuals! This solid brick attached mixed-use building boasts three units, including two spacious three-bedroom apartments and a versatile storefront. Nestled in a prime location along a bustling commercial/residential development area in Jersey City, NJ, This property offers an excellent business proposition. The storefront's high visibility and strategic location make it an ideal spot for entrepreneurs looking to establish or expand their business presence. Imagine the possibilities of showcasing your products or services to a constant flow of potential customers in this thriving commercial residential area. Both three-bedroom apartments offer spacious layouts, providing ample room for comfortable living. The tenants currently enjoy the convenience of separate utility payments, adding to the overall appeal of this investment property. All long term tenants on a month-to-month basis and property owner is prepared to deliver vacant, you'll have the flexibility to optimize rental income and potentially achieve market rent making this opportunity even more accessible and appealing. Bring the love! and let's make a deal!

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© 2023 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Valley Realty. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Keller Williams Valley Realty are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2023-11-28T19:25:51.257.
www.bergenrealtyteam.com/homes/140664442
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503 Martin Luther King Jr Dr Jersey City, Bergen-Lafayett, NJ 07304

  • Price: $749,000
  • Status: Active
  • On Site: 164 Days
  • Updated: 14 min ago
  • ID#: 230010061
6
Beds
2
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Jersey City, Bergen-Lafayette
County:
Hudson
Area:
Jersey City, Bergen-Lafayette
Property Description
Welcome to 503 Martin Luther King Dr, a remarkable opportunity for savvy investors and business-minded individuals! This solid brick attached mixed-use building boasts three units, including two spacious three-bedroom apartments and a versatile storefront. Nestled in a prime location along a bustling commercial/residential development area in Jersey City, NJ, This property offers an excellent business proposition. The storefront's high visibility and strategic location make it an ideal spot for entrepreneurs looking to establish or expand their business presence. Imagine the possibilities of showcasing your products or services to a constant flow of potential customers in this thriving commercial residential area. Both three-bedroom apartments offer spacious layouts, providing ample room for comfortable living. The tenants currently enjoy the convenience of separate utility payments, adding to the overall appeal of this investment property. All long term tenants on a month-to-month basis and property owner is prepared to deliver vacant, you'll have the flexibility to optimize rental income and potentially achieve market rent making this opportunity even more accessible and appealing. Bring the love! and let's make a deal!
Exterior Features

Exterior Finish Brick Lot Size 18.90X101.50IRR Parking None Style Multi-LevelOther-See Remarks

Interior Features

Basement Full Floor1 Rooms 0 Floor2 Rooms 5 Floor3 Rooms 5 Floor4 Rooms 0 Heating Cooling GasRadiators Level2 Baths 1 Level2 Bedrooms 3 Level3 Baths 1 Level3 Bedrooms 3 Total Other Rooms 0

Property Features

Bank Owned No Exclusions Sold As-IsPersonal PropertyStore Front Merchandise And Fixtures Floor2 Rent 112500 Floor3 Rent 130000 Inclusions Selling As-Is Insurance Expense 4460 Internet Yes Lead Paint Form Yes Multifamily Type 3 Family Section Bergen-Lafayette Short Sale No Taxes 8037 Water Sewer Expense 606

Listing provided courtesy of Vylla Home:856-206-0413.


© 2023 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Valley Realty. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Keller Williams Valley Realty are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2023-11-28T19:25:51.257.
 
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Keller Williams Valley Realty
123 Tice Blvd.
Woodcliff Lake NJ, 07677