46 Clinton PL new Save Request In-Person Tour Request Virtual Tour
Newark,NJ 07108
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,196 sqft
Price per Sqft $178
MLS Listing ID 2506341R
Originating Board CJMLS API
Year Built 1920
Annual Tax Amount $7,963
Tax Year 2023
Lot Size 5,048 Sqft
Acres 0.1159
Lot Dimensions 115.00 x 0.00
Property Description
This spacious three-family property is a perfect opportunity for first-time buyers who want a smart investment with immediate income potential. Recently renovated throughout, it boasts two wood-burning fireplaces that add charm and appeal to two of the apartments. With essential upgrades like a new roof, modernized bathrooms, and an ADT alarm system, plus freshly painted rooms, the property is move-in ready and attractive to tenants. Its proximity to major transportation hubs, parks, Newark Airport, and New York City makes it ideal for commuters and renters. For first-time buyers, the rental income potential could significantly help offset mortgage costs, making homeownership more affordable. The strong rental market in the area, combined with the property's desirable amenities, sets the stage for long-term equity building and investment growth. This property is an excellent choice for those looking to combine personal residence with rental income to maximize financial stability.
Location
State NJ
County Essex
Rooms
Basement Finished,Recreation Room,Utility Room
Interior
Interior Features Unit 1(3 Bedrooms,1 1/2 Baths),Unit 2(2 Bedrooms,1 1/2 Baths),Unit 3(3 Bedrooms,1 Bath)
Heating Radiators-Steam
Cooling A/C Wall Unit(s)
Appliance Water Heater(Gas),Water Heater
Heat Source Natural Gas
Exterior
Utilities Available Underground Utilities,Natural Gas Connected
Handicap Access Unit 1 Accessibility Features,Unit 2 Accessibility Features
Parking Type See Remarks
Building
Lot Description Level
Story 3
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 1403040000000011
Ownership Fee Simple
Energy Description Natural Gas