Fully renovated 2025 four-family income-producing property located at 14-16 Hazel Pl in Newark, NJ. This turnkey asset offers strong upside rental income potential in a high-demand Essex County rental market. The building features updated kitchens, modern bathrooms, contemporary finishes, and spacious layouts throughout. Separate utilities provide operational efficiency and added value for investors. Current rents allow for significant future income growth, creating an excellent value-add opportunity with long-term appreciation potential.Property also includes a large, clean, finished basement offering additional usable space for storage or common area use. Conveniently located near public transportation, major highways, shopping, and local amenities. Rare opportunity to acquire a renovated 4-unit building with strong cash flow potential in an established Newark rental corridor.
14 Hazel Pl, Newark City NJ 07108-1770
Property City
Newark City
Property Price
$899,900
Bedrooms
8
Year Built
1922
Tax Annual Amount
$10797
TaxYear (*text)
2025
Roof (*text)
Flat
Lot Size Area
0.13
MLS Status
Active
MLS #
4012834
Yearly Tax Rate
3.999
Year Built (*numeric)
1922
Basement
Yes
Roofing (*text)
Flat
Days On Market
4
Basement (*text)
Yes
Cooling (*text)
4+ Units, Wall A/C Unit(s)
Heating
4+ Units, Forced Hot Air
Lot Size Dimensions
50X110
Data import from
GSMLS