219 Orient Way, Rutherford, NJ 07070

An exceptional investment prospect is available at 219 Orient Way in Rutherford, New Jersey. This fully occupied four-family residential property comprises two units with two bedrooms and one bathroom each, alongside two units featuring one bedroom and one bathroom. Each unit is equipped with a den, a gas fireplace, dedicated storage, and parking or garage access, with separate utilities for each residence. The property is currently generating a 5.5% cap rate, presenting immediate cash flow potential with opportunities for future income growth. All existing tenants have indicated a willingness to remain and enter into long-term leases with a new owner, offering a clear path to enhanced property returns.

Situated in a prime location on the desirable Orient Way, this property is ideally positioned for commuters. It is just steps away from the Rutherford train station and New York City bus services, providing convenient access to public transportation. The vibrant downtown area, with its array of shops, restaurants, and cafes, is also immediately accessible. For those who travel by car, the property offers easy access to major routes including 17, 3, and 21, facilitating straightforward travel throughout Northern New Jersey and into New York City. The surrounding area benefits from highly rated Rutherford schools, nearby parks, and the public library.

This multi-family residence, built in 1928, offers a total of 4,002 finished square feet on a 7,000 square foot lot. The property includes a total of four full bathrooms. Parking is a notable feature, with the property offering two designated parking spaces in total, including three garage spaces. The property's utility infrastructure includes natural gas availability, with both electricity and natural gas connected. The annual property taxes are approximately $24,000.

This offering represents a rare chance to acquire a stable, income-producing property with significant upside potential within one of Bergen County's most sought-after communities. The combination of its strategic location, existing tenant base, and potential for rental income increases makes this a compelling opportunity for investors seeking a well-positioned asset in a desirable market. The property's proximity to transportation hubs and local amenities further enhances its appeal.