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In-PersonVirtual Tour
$ 749,000
Est. payment | /mo
2.5 Baths
$ 749,000
Est. payment | /mo
2.5 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250012229
Full Baths 2
Half Baths 1
Annual Tax Amount $9,741
Lot Dimensions 20.1X69
Property Sub-Type Investment
Property Description
Unlock the full potential of this Class C Mixed-Use income-generating property in the heart of Jersey City's growing Greenville neighborhood. 32 MLK Jr Drive features: 2 Spacious Residential Units (both 3BR / 1BA) Retail or Office Space on Ground Level Three Stories of Usable Space No Rent Control & Active Green Card Separately Metered Utilities Low Operating Expenses Total Gross Annual Income: $67,800 Net Operating Income (NOI): $48,979 Estimated Cap Rate: 6.53% This is a prime opportunity for investors looking for a stabilized asset with solid in-place cash flow and upside potential in a rapidly developing area near mass transit, shopping, and schools. With no renovation required, this turnkey property is ready to go from day one.
Location
State NJ
County Hudson
Area Jc Greenville
Listed by HUDSON VIEW REALTY LLC
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Carlos "Alex" Jesus
Broker | Lic# 9798051