161-167 N 7th Street, Newark, NJ

$1,750,000

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14

Beds

8

Baths

9,370

Square feet

0.21

Acres

About 161-167 N 7th Street

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!

Features of 161-167 N 7th Street

MLS® # 22401627
Price $1,750,000
Bedrooms 14
Bathrooms 8.00
Full Baths 8
Square Footage 9,370
Acres 0.21
Year Built 1910
Type Multi-Family
Sub-Type Six Family
Status Active

Community Information

Address 161-167 N 7th Street
Area Newark (NEW)
Subdivision Newark
City Newark
County Essex
State NJ
Zip Code 07107

Amenities

Parking Spaces 10
Parking Other
Is Waterfront No
Has Pool No

Interior

Cooling Other
Fireplace No

Exterior

Exterior Features Patio, Storm Door(s)

Additional Information

Short Sale No
RE / Bank Owned No

Listing Details

AgentRachel Aviv
OfficeSilvera Realty Co.

Listing Map

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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth County Association of REALTORS®, and is updated as of June 13th, 2024 at 8:15pm EDT (date/time). 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.