$1,250,000
For Sale

289 MARTIN LUTHER KING JR DR

Jersey City, NJ 07305
Browse 37 photos
Type:Purchase
Structure:Mixed Use
Zone:Commercial

Description

Welcome to 289 MLK Dr, a unique and investment-ready 5-unit mixed-use building in the heart of Jersey City, NJ. This property combines newly renovated residential units and a thriving, fully operational bodega on the ground floor, offering an excellent opportunity for investors or owner-occupants seeking a property with strong income potential. Four spacious 2-bedroom, 1-bathroom apartments featuring contemporary updates, high ceilings, and ample natural light. These units offer modern kitchens, updated bathrooms, central heating and AC, and hardwood floors throughout. The ground-floor retail space is home to a local bodega, providing essential goods to the community and generating steady rental income. Located just 5 blocks from the MLK Light Rail Station, commuting to New York City is convenient and fast. The station connects to the Hudson-Bergen Light Rail, which provides a direct route to Hoboken Terminal in approximately 20 minutes, where you can easily transfer to PATH trains for quick access to Manhattan (about a 10-minute ride). Whether you're looking to build equity or add a reliable income stream, this property provides immense value. Schedule a tour today to see the full potential of this incredible opportunity!

  • Property Details
      • Date ListedFebruary 24, 2025
      • Property SubtypeInvestment
      • MLS #250003509
      • MLS #250003509
      • Property TypePurchase
      • Lot Description22 x 97
      • Cost1250000
      • CountyHudson
      • SubdivisionNJ

Location

Kein HurtadoReal Estate Group

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6.0%

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2.6%
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