229 Orient Way, Rutherford, NJ 07070

This all-brick, six-unit residential property is situated at 229 Orient Way in Rutherford, New Jersey. Constructed in 1928, the building underwent a comprehensive gut renovation in 2007. The unit mix comprises four two-bedroom apartments and two studio apartments. The property is designed to generate a gross annual income of $148,000 and has maintained a consistent 100% historical occupancy rate. Tenant-paid utilities are fully separated, contributing to operational efficiency.

Further enhancing the property's revenue potential are five on-site garages, which provide additional rental income. The building also features a substantial basement area that includes six secure, private storage units, with one allocated to each tenant. This amenity offers added value and convenience for residents.

The property's location in Rutherford, NJ, offers proximity to local shopping districts and parks. Commuters benefit from direct transportation links to New York City, making it an attractive location for residents. The surrounding neighborhoods include Lyndhurst, Avondale, and Kingsland Manor.

This residential income property is presented as a turn-key investment opportunity. The building's structure is all-brick, and it features a flat roof. The lot size is 7,000 square feet. The property is classified as a Multi-Family (5+ Unit) style building and is located within Bergen County.