Sold
Last Sold Price
4 beds
15 1st Ave, Raritan, NJ 08869
Multi FamilyProperty Type
0.22 acresLot Size
1920Year Built
3 carsParking Spaces

Description

CALLING ALL INVESTORS! Amazing opportunity to purchase a legal 3 family home in desirable section of Raritan. Down the street from new luxury Crossings apartment complex. Close to highways and train. 2 units Rented with month to month leases. $1650 TOTAL a mo. currently with tons of potential for higher rents. 3 Separate electric meters. First floor apartment gutted to studs, with permits and roughed electrical and plumbing. Ready for your finishing touches. 2nd floor is fully renovated with 2 bedrooms,...CALLING ALL INVESTORS! Amazing opportunity to purchase a legal 3 family home in desirable section of Raritan. Down the street from new luxury Crossings apartment complex. Close to highways and train. 2 units Rented with month to month leases. $1650 TOTAL a mo. currently with tons of potential for higher rents. 3 Separate electric meters. First floor apartment gutted to studs, with permits and roughed electrical and plumbing. Ready for your finishing touches. 2nd floor is fully renovated with 2 bedrooms, 1 bath, forced hot air natural gas and central air. Excellent opportunity! Cash buyers or 203k loans only. Being sold absolutely as is. Not a flood zone

Listing Agent

  1. Erica Travis

    Erica Travis

    Listing Agent

    WEICHERT REALTORS

    P: (908) 370-8695

    M: (908) 370-8695

Listing closed: 03/31/2021 12:00 AM • Source: GSMLS Back Office, MLS#: 3695265

Location

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Payment Calculator

$2,380 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,794

Property Taxes

$586

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 15 1st Avenue

Property Details
  • Taxes: $7,037 / year
  • MLS Type: Multi Family
  • Directions: 202 to first ave
  • Days On Market: 8
Building Information
  • Residences: 3
  • Year Built: 1920
  • Lot Size: 0.22 AC / 9,583 SF
Summary
Location and General Information
  • Active Days on Market: 8
  • Renovated Year: 2017
  • County #: Somerset
  • Town Name: Raritan Boro
  • Block Identifier: 85
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Yellow
  • Town #: 2716.0
  • Street # Display: 15.0
  • # Parking Spaces: 2
  • County Or Parish: Somerset
  • Street Name: 1st Ave
  • Zip Code: 08869-1724
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $7,037
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 275000.0
  • Tax ID For Property: 2716-00085-0000-00017-0000-
  • Tax Rate Amount: $3
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year: 2020
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width
  • # Garage Spaces: 1
  • Garage Description: Detached Garage
Property
Lot Information
  • Lot Description: Corner
  • Lot Identifier: 17
  • Approximate Lot Size: 65X150
  • Total Acres: 0.22
  • Construction Date/Year Built: 1920
  • Construction Date/Year Built Des: Approximate, Renovated
Property and Assessments
  • Assessment Bldg: 108500.0
  • Assessment Land: 166500.0
Utilities
  • Cooling: 1 Unit, Central Air
  • Utilities: Gas-Natural
  • Water: Public Water
  • Heating: 1 Unit, Baseboard - Electric, Forced Hot Air, See Remarks
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
  • Exterior Features: Open Porch(es)
Interior Features
  • Interior Features: Carbon Monoxide Detector, Carpeting, Vinyl-Linoleum Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Crawl Space, Partial, Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Washer
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 1000.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 9999.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Heat
  • Unit 2 Rent: 650.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 2 Rooms: 2.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 9999.0
Unit 3 Information
  • Unit 3 Appl/Equip: See Remarks
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: Eat-In Kitchen, Living Room, Master Bedroom
  • Unit 3 Rooms: 3.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 9999.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $9,000.00
  • Expenses Include: Hot & Cold Water, Insurance, Maintenance, Taxes
  • Net Operating Income: $10,800.00
  • Gross Operating Income: $19,800.00
Rental
Rental Information
  • Home Warranty: false

Property History for 15 1st Avenue

DateEvent & SourcePriceAppreciation
Mar 31, 2021

Sold

GSMLS #3695265

$336,000—
Mar 30, 2021

Sold (Public Record)

Public Record #1459242010

$336,000

+4.6% / yr

Mar 18, 2021

Off Market

GSMLS #3695265

—
DateEvent & SourcePrice
03/31/2021

Sold

GSMLS #3695265

$336,000
03/30/2021

Sold (Public Record)

Public Record #1459242010

$336,000

+4.6% / yr

03/18/2021

Off Market

GSMLS #3695265

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 15 1st Avenue

Taxable ValueLand$166,500Additions$108,500Total$275,000
Tax Record2025$8,366 ($697 / month)
Home Facts
Beds0Total Finished SqFt1,740 SqFtAbove Grade Finished SqFt1,740 SqFtStories2Lot Size9,749 SqFtStyleSingle Family ResidenceYear Built1950Year Renovated1950CountySOMERSETAPN16-00085-0000-00017

Schools near 15 1st Avenue

This home is within Bridgewater-Raritan Regional School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
John F. Kennedy Elementary School
PublicK to 4

Eisenhower Elementary School
Public5 to 6

Bridgewater-Raritan Middle School
Public7 to 8

Bridgewater Raritan High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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