Property
Raritan Boro, NJ 08869 1 St Avenue
$925,000
Presented By: PROMINENT PROPERTIES SIR; 201-286-2927
Beds • 6
Baths • 4
Home Details
Prime Investment Opportunity - Legal 4 Family + Commercial Property (54 2nd St) in Raritan. An excellent income-producing opportunity for savvy investors! This package includes a fully rented legal 4-family property and a neighboring commercial building . Four units total: Unit #1: 1BR/1BA (new kitchen, freshly painted " rented $1,350) Unit #2: 1BR/1BA (renovated kitchen " rented $1,350) Unit #3: 2BR/1BA (new kitchen, new paint " rented $2000, Unit #4: 2BR/1BA -rented $1600 Separate gas, electric & water meters (4 of each) " tenants pay all utilities Full basement, 4 gas furnaces, 4 hot water heaters, Shared driveway, no dedicated parking, street parking available Roof approx. 15"20 years old 2025 Property Tax: $10,570.95 ( 54 2nd st tax 5,484 ) Total monthly rent: $6300
Presented By: PROMINENT PROPERTIES SIR; 201-286-2927
Interior Features for 1 St Avenue
Bedrooms
Total Bedrooms6
Unit 1 Beds Total1
Unit 2 Beds Total1
Unit 3 Beds Total2
Unit 4 Beds Total2
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Unit 4 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft800
Unit 2 Sq Ft900
Unit 3 Sq Ft900
Unit 4 Sq Ft900
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels2
Unit 4 Levels2
UnitType1TotalRent1350
UnitType2TotalRent1350
UnitType3TotalRent2000
Unit 4 Fireplaces0
Unit 4 Appl/EquipCookGas
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCookGas
Unit 2 Appl/EquipCookGas
Unit 3 Appl/EquipCookGas
BasementFull
Fuel TypeGas-Natural
Other Rooms
Unit 4 Rooms4
Unit 2 Rooms3
Unit 1 Rooms3
Unit 3 Rooms4
Unit 3 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 1 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 2 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 4 Room DescriptionBedrooms, Kitchen, Living/Dining Room
General for 1 St Avenue
Architectural StyleFourplex
Cooling4+ Units, Window A/C(s)
CountySomerset
DirectionsRoute 202 to First Ave.
DriveOn-Street Parking
EasementNo
Full Baths4
GarageOn-Street Parking
Gross Income
Heating4+ Units, Multi-Zone
Net Operating Income
Number Of Units Total4
Open Parking Spaces
Operating Expense
Possession30
RoofAsphalt Shingle
ServicesCable TV
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount10376
Tax Assessed Value347500
Tax Lot26
Tax Year2024
Total Rooms14
Town #2716
TownshipRaritan Boro
UtilitiesGas-Natural
Year Built1940
Exterior for 1 St Avenue
Exterior DescriptionAluminum Siding
Lot Dimensions45X62
Lot FeaturesCorner
Lot Size Acres0.06
Water SourcePublic Water
Additional Details
Price History
Charles Torres
Owner