23 Strong St, Wallington, NJ 07057

This four-family, all-brick building located at 23 Strong Street in Wallington, NJ, presents a turnkey investment opportunity. The property is configured with four distinct units, each containing a living room, two full-size bedrooms, and a full bathroom. In total, the building offers eight bedrooms and four bathrooms. The structure was built in 1950 and is situated on a lot measuring 50 x 126 feet, encompassing 6,229 square feet. The property has been maintained, with a newer roof and replaced windows contributing to its condition.

Each of the four units is equipped with separate utilities, including gas, electric, heat, and hot water systems. The building features four newer gas hot water furnaces and hot water heaters, ensuring independent climate control and hot water for each residence. There are four separate electric meters for the units, in addition to one house electric meter. The total finished square footage of the property is 3,250 square feet, spread across two stories.

Parking is accommodated by a five-car driveway, arranged in a tandem configuration. The property is zoned for residential income and is classified as a multi-family dwelling. Laundry facilities are available in the basement. The property is also equipped with natural gas and electricity, with both utilities connected and natural gas available.

This property is conveniently located close to shopping centers, parks, schools, and offers accessible transportation options to New York City. The NJ State inspection certificate is current as of 2023. All tenants are currently on month-to-month leases, and current rental rates are below market value, indicating potential for increased revenue. The annual property taxes are $17,072.

The building's construction is all-brick, a durable material that contributes to its longevity. The interior layout of each unit is designed for functionality, with dedicated living spaces and private sleeping quarters. The presence of separate heating and hot water systems for each unit provides efficiency and tenant convenience. This offering represents a stable asset with considerable upside potential for rent growth in the Wallington market.