Real estate listing preview #1Real estate listing preview #2Real estate listing preview #3Real estate listing preview #4Real estate listing preview #5Real estate listing preview #6
listing
1 of 6
MultifamilyFor Sale
$1,575,000
161-167 N 7th Street
Newark, NJ 07107
Courtesy of Silvera Realty Co.
MLS: Monmouth Ocean MLS
14Beds
8Baths
9,370Sq Ft
Est. Mortgage
$8,230/mo

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!

Get in touch
Information courtesy of Silvera Realty Co. is subject to verification and is not guaranteed.
Community / School Information