Listing Courtesy of: Rachel Aviv - Silvera Realty Co.
732-705-9070
$1,575,000
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161-167 N 7th Street Unit 161-167 Newark, NJ 07107
Multi-Family
Residence
14
Beds
8
Baths
...
Bed/Bath
9,370
Sq. Ft.
Property Activity
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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 mansio...n, 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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MLS#
22401627
Property Type
Multi-Family
Bedrooms
14
Bathrooms
8 Full
Year Built
1910
Square Feet
9,370
sq. ft
Lot Size
0.21
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