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503 Martin Luther King Jr Dr

Jersey City, NJ 07304
  • $749,000
  • STATUS: Active
  • ON SITE: 167 Days
  • ID#: 3849486
UPDATED: 28 min ago
$749,000
  • 6
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
County:
Area:

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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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. 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. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Keller Williams Valley Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-11-30T15:46:40.177.
www.bergenrealtyteam.com/homes/140598876
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503 Martin Luther King Jr Dr Jersey City, NJ 07304

  • Price: $749,000
  • Status: Active
  • On Site: 167 Days
  • Updated: 28 min ago
  • ID#: 3849486
6
Beds
2
Baths
1
½ Baths
N/A
Acres
County:
Hudson
Area:
Jersey City
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

Approximate Lot Size 18.90X101.50IRR Exterior Description Brick Number Of Parking Spaces 0 Parking Driveway Description NoneOn-Street Parking Roof Description Rubberized

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(s) Heating Radiant - Hot Water Total Number Of Rooms 9 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description See Remarks Unit1 Rooms 2 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Range/Oven - GasRefrigerator Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchen Unit2 Rooms 4 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Levels 2 Unit3 Room Description BedroomsKitchen Unit3 Rooms 4 Unit3 Sq Ft 0

Property Features

Assessment Total 379500 Building Assessment 302500 Easement No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 77000 Net Operating Income 0 Sewer Public Sewer Tax Amount 8038 Tax Rate Amount 2.118 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays Water Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays Water Unit2 Rent 1300 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays Water Unit3 Rent 1100 Unit3 Security Deposit 0 Water Public Water Water Heater Gas Zoning Commercial

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Carrington Real Estate Services: 856-206-0413.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. 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. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Keller Williams Valley Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-11-30T15:46:40.177.
 
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Keller Williams Valley Realty
123 Tice Blvd.
Woodcliff Lake NJ, 07677