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307 Clinton Pl

Newark City, NJ 07112
  • $639,999
  • STATUS: Active Under Contract
  • ON SITE: 120 Days
  • MLS #: 3871163
Under Contract
$639,999
  • 7
    BEDS
  • 0.06
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1917
County:
Area:

School Ratings & Info

Description

Nestled in the heart of vibrant Newark, this income-producing gem offers an exceptional investment opportunity. This well-maintained four-unit building features three spacious 2-bedroom, 1-bathroom units, and one cozy 1-bedroom, 1-bathroom unit. Each unit is thoughtfully designed for comfortable living, and the property boasts a convenient location near essential amenities, making it highly desirable for tenants. With all units on month-to-month leases, there is flexibility for both investors and potential owner-occupants. Plus, the bonus of one currently vacant unit presents the perfect chance for customization or immediate occupancy. Whether you're seeking steady rental income or envisioning a new chapter in your real estate journey, this Newark property is primed for success.Don't miss this incredible opportunity to add a valuable asset to your real estate portfolio. The income potential is substantial, and the location is unbeatable. Residents will appreciate the convenience of living in the heart of Newark, with easy access to transportation, shopping, dining, and entertainment. This property's combination of a solid rental history, month-to-month leases, and one vacant unit sets the stage for you to make a savvy investment. Act quickly to secure this fantastic building in a prime location, and unlock the potential for consistent cash flow and long-term growth in the bustling Newark real estate market.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sue Adler Team - Keller Williams. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Sue Adler Team - Keller Williams are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-20T23:46:56.34.
www.latestnjlistings.com/homes/144637513
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307 Clinton Pl Newark City, NJ 07112

  • Price: $639,999
  • Status: Active Under Contract
  • On Site: 120 Days
  • MLS #: 3871163
7
Beds
4
Baths
0
½ Baths
0.06
Acres
1917
Built
County:
Essex
Area:
Newark City
Property Description
Nestled in the heart of vibrant Newark, this income-producing gem offers an exceptional investment opportunity. This well-maintained four-unit building features three spacious 2-bedroom, 1-bathroom units, and one cozy 1-bedroom, 1-bathroom unit. Each unit is thoughtfully designed for comfortable living, and the property boasts a convenient location near essential amenities, making it highly desirable for tenants. With all units on month-to-month leases, there is flexibility for both investors and potential owner-occupants. Plus, the bonus of one currently vacant unit presents the perfect chance for customization or immediate occupancy. Whether you're seeking steady rental income or envisioning a new chapter in your real estate journey, this Newark property is primed for success.Don't miss this incredible opportunity to add a valuable asset to your real estate portfolio. The income potential is substantial, and the location is unbeatable. Residents will appreciate the convenience of living in the heart of Newark, with easy access to transportation, shopping, dining, and entertainment. This property's combination of a solid rental history, month-to-month leases, and one vacant unit sets the stage for you to make a savvy investment. Act quickly to secure this fantastic building in a prime location, and unlock the potential for consistent cash flow and long-term growth in the bustling Newark real estate market.
Exterior Features

Approximate Lot Size 25X100 Exterior Description Brick Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Flat

Interior Features

Basement Yes Basement Description Walkout Cooling See Remarks Heating See Remarks Total Number Of Rooms 30 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description See Remarks Unit1 Rooms 0 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description See Remarks Unit2 Rooms 0 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 2 Unit3 Room Description See Remarks Unit3 Rooms 0 Unit3 Sq Ft 0 Unit4 Appliances Equipment See Remarks Unit4 Baths 1.0 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Levels 2 Unit4 Room Description See Remarks Unit4 Rooms 0 Unit4 Sq Ft 0

Property Features

Assessment Total 236700 Building Assessment 210400 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 26300 Net Operating Income 0 Tax Amount 8995 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 10195 Unit Style Fourplex Unit1 Owner Tenant Pays Owner Pays Water Unit1 Rent 1600 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays Water Unit2 Rent 1400 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays Water Unit3 Rent 0 Unit3 Security Deposit 0 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays Water Unit4 Rent 1400 Unit4 Security Deposit 0 Zoning Residential

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Exp Realty, Llc: 732-688-3819.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sue Adler Team - Keller Williams. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Sue Adler Team - Keller Williams are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-20T23:46:56.34.
 
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