161-167 N 7TH ST NEWARK, NJ 07107

Features

• Price/sqft: $186
• Lot Size: 9370 sq. ft.
• Total Units: 4
• Total Rooms: 10
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
• Stories: 250
• Construction Type: Brick
• Exterior Walls: Brick

Facts

• Year Built: 01/01/1910
• Property ID: 848459652
• MLS Number: 22401627
• Parcel Number: 14 01917-0000-00040
• Property Type: Commercial
• County: ESSEX
• Listing Status: Active

Pre-Foreclosure Info

• Date Defaulted Lien: 03/19/2024
• Recording Date: 03/19/2024
• Recording Year: 2024

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Amazing INVESTMENT opportunity!!!nOwn 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!nnThis 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.nWith creative TLC you can upgrade this home to 20th century vibes.nnAs a bonus owner has drawn up an extension of over 40 additional studio units using the attached vacant lot and the back. nBONUS: Vacant buildable lot attached!