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Property Description

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

Overview

Property Status
Sold
Lot Size
2,613.6 Sq.Ft.
MLS ID
3979325
Property Type
Other
Year Built
1940

Features & Amenities

Neighborhood
Somerset Hills
Architecture Styles
Other Style
Air Conditioning
Window A/C
Other Exterior Features
Aluminum Siding
Sales Price
$925,000
Real Estate Tax
$10,376/yr

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48 1st Avenue

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Thank you

for your interest in 48 First Avenue , Raritan, NJ 08869

48 1st Avenue
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