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40 Martin Luther King Jr Dr
Jersey City, NJ 07305
Income Producing Mixed use in Greenville JC! · Multifamily Property For Sale
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3 Units
Investment Highlights
- Existing income with room for upside
- Spacious two apartments, consisting each 3 beds, 1 and half baths.
- Solid brick building
Executive Summary
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.
Property Facts
| Price Per Unit | $199,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Size | 2,894 SF |
| Cap Rate | 7.28% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Year Built | 1907 |
| Price Per Unit | $199,667 |
| Sale Type | Investment |
| Cap Rate | 7.28% |
| No. Units | 3 |
| Property Type | |
| Apartment Style | Low-Rise |
| Building Size | 2,894 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1907 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 2 | - | - |
Property Taxes
| Parcel Number | 06-20902-0000-00076 | Improvements Assessment | $264,700 |
| Land Assessment | $102,900 | Total Assessment | $367,600 |
Property Taxes
Parcel Number
06-20902-0000-00076
Land Assessment
$102,900
Improvements Assessment
$264,700
Total Assessment
$367,600
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