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Fantastic income-producing property located in a vibrant, sidewalk town near major transportation hubs (New Brunswick and Edison Train Stations), Rutgers University, Robert Wood Johnson Medical Center. This well-maintained all-brick building offers outstanding earning potential and long-term value. The property features one spacious 3-bedroom unit with private basement access, three well-appointed 1-bedroom/1-bathroom units, and a versatile bonus space ideal for a live-in super or owner's suite. All units are in excellent condition, with strong rental appeal and stable occupancy. The roof has been replaced in 2020, new hot water heater, updated electric panel, hardwood flooring and LVT plank flooring. Owner/super unit has new LVT flooring and freshly painted with two entrances. Property also offers a 2 car garage and 2 car concrete driveway. Whether you're expanding your portfolio or seeking a smart first investment, this turnkey multi-family offers both immediate cash flow and future appreciation in a sought-after location.

PROPERTY FEATURES

Unit 1 Rooms : 3 Unit 1 Room Description : Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom Unit 1 Levels : 1 Unit 1 Beds : 1 Unit 1 Baths : 1.0 Unit 2 Rooms : 6 Unit 2 Room Description : Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Master Bedroom, Sunroom Unit 2 Levels : 1 Unit 2 Beds : 3 Unit 2 Baths : 1.0 Unit 3 Rooms : 3 Unit 3 Room Description : Bedrooms, Eat-In Kitchen, Living Room Unit 3 Levels : 1 Unit 3 Beds : 1 Unit 3 Baths : 1.0 Unit 4 Rooms : 3 Unit 4 Room Description : Bedrooms, Eat-In Kitchen, Living Room Unit 4 Levels : 1 Unit 4 Beds : 1 Unit 4 Baths : 1.0
Utilities : Electric, Gas-Natural Water : Public Water, Water Charge Extra Sewer : Public Sewer
Parking/Driveway Description : 2 Car Width, Concrete Number of Parking Spaces : 2 Garage Description : Detached Garage Number of Garage Spaces : 2
Exterior Features : Curbs, Open Porch(es), Patio, Sidewalk Exterior Description : Brick/Block Lot Description : Corner
Zoning : C Acres : 0.12
Cooling : Window A/C(s) Heating : 1 Unit, Radiators - Hot Water Fuel Type : Gas-Natural Water Heater : Gas
Construction Date/Year Built Description : Approximate Roof Description : Flat
Interior Features : Blinds, Carbon Monoxide Detector, Smoke Detector, Tile Floors, Walk-In Closet, Wood Floors Basement Description : Partial Unit 1 Appl/Equip : Carbon Monoxide Detector, Ceiling Fan(s), Range/Oven - Electric, Refrigerator, Smoke Detector Unit 2 Appl/Equip : Carbon Monoxide Detector, Range/Oven - Electric, Refrigerator, Smoke Detector Unit 3 Appl/Equip : Carbon Monoxide Detector, Range/Oven - Electric, Refrigerator, Smoke Detector Unit 4 Appl/Equip : Carbon Monoxide Detector, Range/Oven - Electric, Smoke Detector

PROPERTY DETAILS

Street Address: 1020 Raritan Ave
City: Highland Park
State: New Jersey
Postal Code: 08904-3621
County: Middlesex
MLS Number: 3966880
Year Built: 1955
Courtesy of RE/MAX INNOVATION

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