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161-167 7th Street

Newark, NJ 07107
  • $1,900,000
  • STATUS: Active
  • ON SITE: 129 Days
  • MLS #: 22401627
$1,900,000
  • 14
    BEDS
  • 0.21
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 9,370
    SQFT
  • $203
    $/SQFT
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

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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© 2024 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kay Platinum Real Estate Group | EXP Realty. Data last updated 2024-05-26T22:22:59.033.
www.kayplatinumgroup.com/homes/146745524
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161-167 7th Street Newark, NJ 07107

  • Price: $1,900,000
  • Status: Active
  • On Site: 129 Days
  • MLS #: 22401627
14
Beds
8
Baths
0
½ Baths
0.21
Acres
9,370
SQFT
$203
$/SQFT
1910
Built
County:
Essex
Area:
Newark (NEW)
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!
Exterior Features

Attached Garage YN No Exterior Features PatioStorm Door(s) Garage YN No Parking Features Other Parking Total 10 Waterfront YN No Waterview No

Interior Features

Basement Finished Cooling Other Cooling YN Yes Fireplaces Total 0 Flooring Other

Property Features

Assessment Assessed Yes New Construction YN No Pool No Property Sub Type Six Family Sewer Public Sewer Water Heater Natural Gas Yes Zoning Description Planned Residential

Listing information © 2024 Monmouth-Ocean MLS. Listing provided courtesy of Rachel Aviv of Silvera Realty Co.: 732-705-9070.


© 2024 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kay Platinum Real Estate Group | EXP Realty. Data last updated 2024-05-26T22:22:59.033.
 
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966 Shoppes Blvd
North Brunswick Township NJ, 08902