This is an 8-unit one-bedroom turnkey asset located in downtown Rahway within walking distance to the train station. The property was fully gut renovated between 2021 and 2025 with all new interiors, appliances, and systems. Each unit has new LVT flooring, modern kitchens, and split HVAC systems with separate controls for the kitchen and bedroom. The roof was replaced in 2023, and a new French drain and storm drain system were added in 2025 resolving all prior water issues.
Fully leased except for one unit currently in lease up. Each unit is separately metered and fully electric with no gas. The property includes twelve parking spaces, approval for four EV charging spots with two dual stations, and basement laundry under a Hercules contract along with six tenant storage units.