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161-167 N 7th Street,  Newark NJ, 07107

(Active)
$1,900,000
|
14 beds, 8 Full baths, 9,370 sqft
|
MLS# 22401627
Last Updated: 5/3/2024 11:16 AM
Description for 161-167 N 7th Street Newark, NJ 07107
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!
Price
$1,900,000
None
Essex
14
8 Full
9,370 (approx)
22401627
Active
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!
Listing Information
Property Type: Multi-Family, 3+ Story
14 8 Full
0.21 Acres 9,370 (approx) 1910
4
None
Public Sewer
Neighborhood
Room Information
Bathrooms
8
Interior Features
Other
Other
Finished
Storm Door(s)
Exterior / Lot Features
10 Parking Spaces, Other
Patio
93.58X100
Planned Residential
Driving Directions
From Orange st. turn right onto N 7th St. pass stop sign destination on right.
Financial Considerations
0
Listing Price History

Newark Real Estate

Newark is located in New Jersey. Newark, New Jersey 07107 has a population of 293,475.

The median household income for the surrounding county is $67,300 compared to the national median of $66,222. The median age of people living in Newark 07107 is 39 years.

Loading nearby sales and history ...
Courtesy: Rachel Aviv - Silvera Realty Co.
This content last refreshed on 5/3/2024 11:16 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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