503 Martin Luther King Jr Dr is a $749,000, 6 bedroom, 3.0 bath home located in Jersey City, NJ.
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!
Basement - Yes
Unit 1 Appliances/Equipment (Multifamily) - See Remarks
Water Heater - Gas
Unit 2 Appliances/Equipment (Multifamily) - Range/Oven - Gas
Unit 3 Appliances/Equipment (Multifamily) - Range/Oven - Gas
Unit 1 Room Description (Multifamily) - See Remarks
Unit 2 Room Description (Multifamily) - Bedrooms
Unit 3 Room Description (Multifamily) - Bedrooms
Radiant - Hot Water
Fuel Type - Gas - Natural
Easement - No
Unit 1 Owner/Tenant Pays (Multifamily) - Owner Pays Water
Unit 2 Owner/Tenant Pays (Multifamily) - Owner Pays Water
Unit 3 Owner/Tenant Pays (Multifamily) - Owner Pays Water
Exterior Description - Brick
MultFamily / Income
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