$749,000
BEDS
6
BATHS
3.0
SQFT
--
MLS # 3849486, Listed by VYLLA HOME
503 Martin Luther King Jr Dr is a $749,000, 6 bedroom, 3.0 bath home located in Jersey City, NJ.
Seller’s 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!
Features
INTERIOR
| Basement | Basement - Yes Unfinished |
| Appliances | 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 |
| Interior Features | Unit 1 Room Description (Multifamily) - See Remarks Unit 2 Room Description (Multifamily) - Bedrooms Unit 3 Room Description (Multifamily) - Bedrooms |
| Cooling Types | Window A/C(s) |
| Heating Types | Radiant - Hot Water Fuel Type - Gas - Natural |
EXTERIOR
| Parking Types | None |
| Exterior Features | 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 |
| Roof | Rubberized |
| Construction Types | Exterior Description - Brick |
| Water Source | Public Water |
| Sewer | Public Sewer |
PROPERTY
| Property Type | MultFamily / Income |
| Style | 3-Three Story |
| Taxes | $8,038.00 |
| County | hudson |
Garden State Multiple Listing Service, last updated 12/01/2023 at 05:14am MST. Listing 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 deemed reliable but not guaranteed by the MLS or this website.
