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40 Martin Luther King Jr Dr - Income Producing Mixed use in Greenville JC! 3 Unit Apartment Building Offered at $863,177 CAD at a 7% Cap Rate Jersey City, NJ 07305
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 2 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
1 of 12
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40 Martin Luther King Jr Dr - Income Producing Mixed use in Greenville JC!
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