$ 1,575,000
161167 N 7th Street Newark, NJ 07107
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$ 1,575,000
Est. payment /mo
Active
161167 N 7th Street Newark, NJ 07107
14 Beds
8 Baths
9,370 SqFt
UPDATED:
09/22/2024 04:50 PM
Key Details
Property Type Multi-Family
Sub Type Six Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,370 sqft
Price per Sqft $168
Municipality Newark (NEW)
MLS Listing ID 22401627
Bedrooms 14
Full Baths 8
Originating Board MOREMLS (Monmouth Ocean Regional REALTORS®)
Year Built 1910
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 93.58X100
Property Description
Amazing INVESTMENT opportunity!!!
Own your own SRO building in an excellent suburban Newark area, there are very few SRO's left in the area and the demand is GREAT for these money making buildings!
This home has been built with strong stone foundation, in the early 19th century as a stunning mansion, with time the property obtained a single occupancy license that can accommodate twenty people/couples. They have a shared kitchen on every floor and some 5 units have their own baths.
With creative TLC you can upgrade this home to 20th century vibes.
As a bonus owner has drawn up an extension of over 40 additional studio units using the attached vacant lot and the back.
BONUS: Vacant buildable lot attached!
Own your own SRO building in an excellent suburban Newark area, there are very few SRO's left in the area and the demand is GREAT for these money making buildings!
This home has been built with strong stone foundation, in the early 19th century as a stunning mansion, with time the property obtained a single occupancy license that can accommodate twenty people/couples. They have a shared kitchen on every floor and some 5 units have their own baths.
With creative TLC you can upgrade this home to 20th century vibes.
As a bonus owner has drawn up an extension of over 40 additional studio units using the attached vacant lot and the back.
BONUS: Vacant buildable lot attached!
Location
State NJ
County Essex
Area Newark
Direction From Orange st. turn right onto N 7th St. pass stop sign destination on right.
Rooms
Basement Finished
Interior
Cooling Other
Flooring Other
Exterior
Exterior Feature Patio, Storm Door(s)
Garage Other
Waterfront No
Garage No
Building
Sewer Public Sewer
Structure Type Patio,Storm Door(s)
New Construction No
Others
Senior Community No
Listed by Silvera Realty Co.