Washington Ave, 07060- North Plainfield | Vacant Townhome | Value-Add Investment

North Plainfield | Vacant Townhome | Value-Add Investment Opportunity
xxx Washington Ave, North Plainfield, NJ 07060

ATTENTION INVESTORS!

Here's a great value-add opportunity in North Plainfield. This vacant 1-bedroom townhome offers approximately 1,076 sq. ft. and is being offered at a below-market price. Whether you're looking for a quick cosmetic flip, a long-term rental, or a portfolio addition, this property provides multiple exit strategies with supporting comparable sales within the same development.
 

🏡 Property Breakdown:

23C Washington Ave

• Townhome
• 1 Bedroom
• 1.5 Bathrooms
• Approx. 1,076 Sq Ft
• Built in 1988
• Delivered Vacant at Closing
   

📍 Property Highlights:

• Vacant possession
• Value-add opportunity
• Located within an established community
• Larger than recent comparable sale in the same development
   

💰 Comparable Sales:

19H Washington Ave Unit H

• Sold for $315,000
• Sold May 8, 2026
• 1 Bed / 1.5 Bath
• 871 Sq Ft
• Subject property is approximately 205 Sq Ft larger
• 21B Washington Dr
• Sold for $300,000
• 1 Bed / 2 Bath
• Located within the immediate development
   

💡 Potential Exit Strategies:

1. Fix & Flip

• Light cosmetic updates
• Resell based on neighborhood comparable sales
• Vacant at closing for immediate access
   

2. Buy & Hold Rental

• Strong rental demand in the area
• Estimated rent range: $2,700–$3,450/month
• Add to long-term portfolio
   

3. Rental Refresh & Refinance

• Complete updates
• Lease to tenant
• Refinance and hold for cash flow
   

🔥 Why This Deal:

• Delivered vacant
• Below-market acquisition opportunity
• Larger than recent comparable sale
• Multiple profitable exit strategies
• Established North Plainfield location
• Attractive entry point for investors

📞☎️ Call or text our team at: 215-395-6211
Showings by Appointment Only – Serious, Qualified Buyers Only.