Description
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.
Details
| MLS # | 4012834 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 215 |
| Listing Provided By | RE/MAX PROFESSIONALS I | CHRISTOPHER STEAD |
Features
| Bath(s) | 4 Total |
|---|---|
| Basement | Y |
Taxes
| Property | 10797 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07108 |
| Area | Essex |
| Listing VS Median (in 07108) | |
Price: $800,000 low | high Med: $450,000 On site: 215 low | high Med: 50 | |
Market Activity 07108
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07108 |
| Area | Essex |
| Listing VS Median (in 07108) | |
Price: $800,000 low | high Med: $450,000 On site: 215 low | high Med: 50 | |
