308 Clifton AVE new Save Request In-Person Tour Request Virtual Tour
Newark,NJ 07104
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,767 sqft
Price per Sqft $325
MLS Listing ID 2606006R
Year Built 2023
Annual Tax Amount $14,253
Tax Year 2024
Lot Size 2,500 Sqft
Acres 0.0574
Lot Dimensions 100.00 x 25.00
Property Sub-Type 3 Family
Source CJMLS API
Property Description
Discover the unbeatable CASH FLOW potential at 308 Clifton Avenue! Nestled in Newark's sought-after, tranquil Forest Hill neighborhood, this 3-family home was fully renovated in 2023. Steps from Bloomfield Avenue, across from Kearny, and moments from the east entrance of scenic Branch Brook Park. Easy commute, buses 11, 28, 29, and 72, the Newark PATH, and Penn Station connect you directly to New York City in just 25 minutes. Diverse dining featuring top restaurants like Fornos of Spain, Casa d'Paco, and countless local cafes, bakeries, and markets. This property features three spacious units plus a full finished basement with endless potential. Enjoy a two-car driveway, a private backyard, and peace of mind in a flood-free zone. Recent upgrades include a new roof, new siding, and a modern furnace, providing comfort and low-maintenance living for years to come. Conveniently located near Technology High School, Robert Treat Academy, Rutgers University, Newark, NJIT, and Essex County College, this address combines strong educational access with incredible lifestyle appeal. Close to Newark Liberty International Airport, major highways, and shopping districts.Whether you're an investor seeking reliable cash flow, an owner-occupant looking to offset your mortgage, or a first-time buyer ready to grow wealth through real estate, this turnkey, income-producing gem is your opportunity to live smart and prosper in a prime Newark location. Potential gross income: $108,000!
Location
State NJ
County Essex
Rooms
Basement Full,Finished,Bath Full,Other Room(s),Daylight,Exterior Entry,Recreation Room,Storage Space,Utility Room,Laundry Facilities
Interior
Interior Features Unit 1(Dining Room,4 Bedrooms,Kitchen,Laundry Hookup,Living Room,2+ Baths),Unit 2(Dining Room,3 Bedrooms,Kitchen,Living Room,2+ Baths,Den/Family Room),Unit 3(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room)
Heating Forced Air
Cooling A/C Central - All,Unit 1(A/C Central),Unit 2(A/C Central),Unit 3(A/C Central)
Appliance Water Heater(Gas),Water Heater,Unit 1(Range/Oven),Unit 2(Range/Oven),Unit 3(Range/Oven)
Heat Source Natural Gas
Exterior
Exterior Feature Patio,Yard
Utilities Available Electricity Connected,Natural Gas Connected
Roof Type Asphalt
Porch Patio
Building
Lot Description Interior Lot
Story 3
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 1400535000000042
Ownership Fee Simple
Energy Description Natural Gas