Property
Newark City, NJ 07108 14-16 Hazel Pl
$898,000
Pending
5 more
Presented By: RE/MAX PROFESSIONALS I
Beds • 8- Baths • 4
Beds • 8
Baths • 4Home Details
Fully renovated 4-family income-producing property for sale at 14-16 Hazel Pl in Newark, NJ, located in a high-demand Essex County rental market. This turnkey multi-family investment features updated kitchens, modern bathrooms, contemporary finishes, and spacious layouts throughout. Separate utilities provide efficiency and added value for investors.Strong rental income potential with current rents offering upside for future growth, making this an ideal value-add opportunity with long-term appreciation. The property also includes a large, clean, finished basement providing additional usable space for storage or common area use.Conveniently located near NJ Transit bus lines, Newark Penn Station, major highways, shopping, and local amenities with easy access to New York City commuter routes. A rare opportunity to acquire a renovated 4-unit building with strong cash flow potential in the Newark NJ housing market.
Presented By: RE/MAX PROFESSIONALS I
Interior Features for 14-16 Hazel Pl
Bedrooms
Total Bedrooms8
Unit 1 Beds Total2
Unit 2 Beds Total2
Unit 3 Beds Total2
Unit 4 Beds Total2
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Unit 4 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 4 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels2
Unit 4 Levels2
UnitType1TotalRent0
UnitType2TotalRent0
UnitType3TotalRent0
Unit 4 Fireplaces0
Unit 4 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, See Remarks
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, See Remarks
Unit 2 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, See Remarks
Unit 3 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, See Remarks
BasementFinished
Fuel TypeGas-Natural
Other Rooms
Unit 4 Rooms3
Unit 2 Rooms3
Unit 1 Rooms3
Unit 3 Rooms3
Unit 3 Room DescriptionBedrooms, Kitchen, See Remarks
Unit 1 Room DescriptionBedrooms, Kitchen, See Remarks
Unit 2 Room DescriptionBedrooms, Kitchen, See Remarks
Unit 4 Room DescriptionBedrooms, Kitchen, See Remarks
General for 14-16 Hazel Pl
Architectural StyleFourplex, See Remarks
Cooling4+ Units, Wall A/C Unit(s)
CountyEssex
DirectionsW Runyon St. to Hazel Pl
DriveAdditional Parking, Concrete, Driveway-Exclusive, Off-Street Parking
EasementNo
Full Baths4
Gross Income
Heating4+ Units, Forced Hot Air
Net Operating Income
Number Of Units Total4
Open Parking Spaces4
Operating Expense
PossessionTBD
RoofFlat
SewerPublic Available
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount10797
Tax Assessed Value270000
Tax Lot48
Tax Year2025
Total Rooms12
Town #1614
TownshipNewark City
UtilitiesGas-Natural
Year Built1922
Exterior for 14-16 Hazel Pl
Exterior DescriptionAluminum Siding
Lot Dimensions50X110
Lot Size Acres0.13
Water SourcePublic Water
Additional Details
Price History
Tina Torres
Broker/Owner