Listed by EXP Realty
$619,000
40 M.L. KING DRIVE JERSEY CITY NJ 07305
Details
APN 0906_26404_42
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 2,894
Cap Rate 7.04%
NOI $43,578
Occupancy 100%
Price per SqFt $214
Year Built 1907
Buildings 1
Stories 3
Lot Size (SqFt) 2,272
Ground Lease No
About This Property
Marketing description
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.
Investment highlights
Existing income with room for upside!
Solid brick building. Recently Renovated!
Spacious two apartments, consisting each 3 beds, 1 and half baths!
Listing Contacts
Listed by EXP Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,578.00
$3,631.50/mo
Valuation Metrics
0
DSCR
7.04%
Cap Rate
7.04%
ROI
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