293-297 Waite Ave, Rahway, NJ 07065

Wonderful secluded block in great area with great neighbors. 3 of the 4 units have had kitchen and bathrooms renovated Great curbside appeal with the design of two duplexes attached. Driveway parking for three cars, nice size yard with large shed that can be converted into garage. Partial basement can have finishing completion as it has a antique Franklin stove. This also can be a renovated perfect home for investment minded person that is looking to live rent free while the others pay the mortgage. Cash flow ROI is excellent with over $6k monthly. Owner pays heat and hot water while tenants pay for electric and cooking gas. The furnace, water heater and roof are only a few years old making the property a great rent and hold. Fabulous tax breaks with over $25k depreciation yearly while appreciation has been 3.5%. Don’t let the current interest rates hold you back as the interest is all tax deductible with all predictions of rates moving much lower shortly. Secure the assets then worrying about your rate. You are also protected by rental income as there is no rent control. 2 units with leases until 5 -2923 paying fair rent that could be raised to be more in alignment with this sought after multi unit property. Close and walking distance to train station and downtown. Contact owner only with pre- approval letter and prof of funds