48 1st Avenue
48 1st Avenue
48 1st Avenue
48 1st Avenue
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48 1st Avenue
48 1st Avenue
48 1st Avenue
48 1st Avenue
Sold

48 1st Avenue

48 First Avenue , Raritan, NJ 08869

$925,000
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

6
beds

4
baths

2,613.6 Sq.Ft. lot

Features & Amenities

Interior

  • total bedrooms6
  • Total bathrooms4
  • full bathrooms4

Area & Lot

  • Status Sold
  • Lot Area2,613.6 Sq.Ft.
  • MLS® ID3979325
  • TypeOther
  • YEAR BUILT1940
  • NeighborhoodSomerset Hills
  • Architecture StylesOther Style

Exterior

  • AIR CONDITIONINGWindow A/C
  • other exterior FeaturesAluminum Siding

Financial

  • Sales Price$925,000
  • Real Estate Tax $10,376/yr

Somerset Hills

Timeless Luxury, Countryside Charm & Refined Suburban Living

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The McGurl Team at Prominent Properties Sotheby's International Realty provides the advantage buyers and sellers need in a competitive market. Contact us today to start your property journey.

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