52-54 First Ave
Raritan Boro, NJ 08869
Price: $575,000
GSMLS: 3958366Type: Multi-Family
Style: Duplex-Side by Side
Total Units: 2
Beds: 4
Baths: 2 Full
Garage: No
Year Built: 1950
Acres: 0.15
Property Tax: $9,161
Description
Exceptional Investment Or Owner-occupant Opportunity In The Heart Of Raritan!welcome To 52-54 1st Ave A Well-maintained Duplex Located In The Highly Sought-after Bridgewater-raritan School District. This Versatile Two-family Property Offers Strong Cash Flow Potential And The Rare Option For An Owner-occupant To Live In One Unit While Generating Income From The Other.each Unit Features Its Own Private Entrance And Separate Gas/electric, Ensuring Privacy And Ease Of Management. Unit 1 Is Currently Leased At $2,200/month, While Unit 2 Is Vacant Perfect For Immediate Occupancy Or Can Be Rented At Market Rate Of Up To $2,500+/month, Offering Excellent Upside.located Just A Short Walk From The Raritan Train Station, This Home Is A Commuter's Dream With Easy Access To New York City. Enjoy The Charm And Convenience Of Downtown Raritan, Where You'll Find Local Shops, Restaurants, And Community Events. Nature Lovers Will Appreciate Being Minutes Away From The Scenic Trails And Preserved Grounds Of Duke Farms.with Easy Access To Routes 202, 206, 22, I-287, And I-78, This Location Provides Unmatched Convenience For Travel Throughout Central Jersey And Metropolitan Areas. Whether You're A Seasoned Investor Or A Savvy Home Buyer Looking To Offset Your Mortgage With Rental Income, This Property Is A Rare And Valuable Find In Today's Competitive Market.don't Miss This Prime Opportunity!
General Info
Style:
Duplex-Side by Side
SqFt Building:
n/a
Total Rooms:
10
Basement:
Yes - Unfinished
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Roof:
See Remarks
Exterior:
Vinyl Siding
Lot Size:
45X145
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
None
Parking:
1 Car Width, Concrete Strip
Spaces Available:
2
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Attic, Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Porch
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Stackable Washer/Dryer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Laundry Room, Porch, Master Bedroom
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Wall A/C Unit(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
BRIDG-RAR
Middle:
BRIDG-RAR
High School:
BRIDG-RAR
Community Information
County:
Somerset
Town:
Raritan Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$575,000
Tax Amount:
$9,161
Land Assessment:
$146,300
Build. Assessment:
$160,500
Total Assessment:
$306,800
Tax Rate:
2.99
Tax Year:
2024
Listing Information
MLS ID:
3958366
List Date:
04-23-2025
Days On Market:
1
Listing Broker:
TERRIE O'CONNOR REALTORS
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
