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.
18 days
|
1,343
|
59
|
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Hamed Kazerani201-893-5135,
Real
Source: NJMLS,MLS#: 26026358
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4
Property
Parking
Total spaces: 5
Parking features: Garage
Garage spaces: 3
Details
Parcel number: 5600152000000023
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Utilities & green energy
Utilities for property: Electricity Connected, Natural Gas Connected, Sep Heat
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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