Description
Professional pictures coming soon. Extremely rare opportunity in Newark's Upper Clinton Hill! This massive 8,358 sq ft, legal 4-family offers an impressive 14 bedrooms and 4 full baths, providing tremendous flexibility for investors or owner-occupants. Each side features a spacious 4-bedroom/1-bath unit over a 3-bedroom/1-bath unit. Every apartment is fully updated with new kitchens, bathrooms flooring SS appliances etc. All units provide generous living areas, separate kitchens with dining space, high-end finishes for this turnkey consistently strong income producing property. Separate utilities add convenience and help simplify ownership. Two large unfinished basements, each with interior and exterior access, offer outstanding possibilities for additional usable space, tenant storage, or a shared coin-operated laundry area. Outside, the property offers valuable off-street parking plus 3 garage spaces that can provide additional rental income, with potential to expand to 4 spaces. The rear garage also offers an opportunity to explore a potential ADU above it, subject to zoning, city approvals, and buyer due diligence. An exceptional combination of size, versatility, parking, garage space, and income potential in a quiet Upper Clinton Hill location for the serious buyers. This is not your typical 4-family one of the largest to come to market in the past few years, it would be a generational opportunity. This will not last, come see it before it is gone!
Details
| MLS # | 26038023 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 8 |
| Listing Provided By | RE/MAX First Realty II | James Dellomo |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 4 Total |
Interior
| Rooms | 22 |
|---|---|
| Laundry | None |
Utilities
| Utilities | Sep Elec, Sep Gas, Sep Heat |
|---|
Taxes
| Taxes | 10621 |
|---|
Area Information
| State | NJ |
|---|---|
| County | ESSEX |
| City | Newark |
| Zip Code | 07112 |
| Area | Newark |
| Listing VS Median (in 07112) | |
Price: $949,000 low | high Med: $0 On site: 8 low | high Med: | |
Market Activity 07112
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Learn More About This Property
| State | NJ |
|---|---|
| County | ESSEX |
| City | Newark |
| Zip Code | 07112 |
| Area | Newark |
| Listing VS Median (in 07112) | |
Price: $949,000 low | high Med: $0 On site: 8 low | high Med: | |
