161-167 N 7th Street,  Newark  (07107)

$1,900,000

14 bedrooms 14   8 bathrooms 8   9370 square feet 9,370
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PROPERTY DETAILS

Address: view address
Newark, NJ 07107
Map Location
Features: Multi-level
Bedrooms:14Bathrooms:8 (full: 8)
Square Feet:9,370 sq.ft.Lot Size:0.21 acres
Year Built:1910Property Type:Six Family
Neighborhood:NoneCounty:Essex
Listing Number:22401627Listed By:Silvera Realty Co.

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!

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Exterior

Parking Spaces:10.00Patio:Yes
Storm Doors:Yes

Property and Lot Details

Lot Acres:0.21Lot Dimension:93.58X100
Lot Number:40.00Lot Sqft:9,147.60
Lot Zoned:Planned ResidentialPublic Sewer:Yes
Subdivision:NoneTransaction Type:Sale
Year Built:1910

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

PHOTO GALLERY

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Listed By: Rachel Aviv of Silvera Realty Co.
Co-listing courtesy of: Esther Silvera of Silvera Realty Co.