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Listed by Hamed Kazerani Real
$ 1,399,000
Est. payment /mo
New
219 Orient WAY Rutherford, NJ 07070
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26026358
Style 4 Family
Bedrooms 6
Full Baths 4
Property Sub-Type 4 Family
Property Description
Excellent investment opportunity in the heart of Rutherford! This fully occupied FOUR-FAMILY property features TWO 2-bedroom, 1-bath units and TWO 1-bedroom, 1-bath units, all with Den, Gas Fire Place, Storage, Parking/Garage, and separate utilities. Currently generating a 5.5% cap rate, this turnkey property offers immediate cash flow with significant upside potential. All tenants have expressed a willingness to remain and sign long-term leases with the new owner, creating an excellent opportunity to increase income over time. Market rents would significantly improve the property's return. Located on desirable Orient Way, this is a commuter's dream—just steps from the Rutherford train station and NYC bus service, with downtown shops, restaurants, and cafes' right outside your door. Conveniently located near Routes 17, 3, and 21 for easy access throughout Northern New Jersey and New York City. Additional features include three covered off-street parking spaces, ample on-street parking, highly rated Rutherford schools, nearby parks, and the public library. A rare opportunity to own a stable, income-producing property with strong upside in one of Bergen County's most desirable communities.
Location
State NJ
County Bergen
Exterior
Garage Spaces 3.0
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Peter Kopec Jr
Agent | License ID: 1539334