161-167 7th
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
161-167 7th
4 Unit Apartment Building $2,270,520 CAD ($567,630 CAD/Unit) Newark, NJ 07107
Executive Summary
Exceptional Investment Opportunity to secure an SRO building situated in a highly coveted neighborhood within an outstanding suburban area! SROs are becoming increasingly scarce in this locale, and the demand is incredibly high.
Originally erected in the early 19th century as a splendid mansion crafted from fine stone, this property has evolved over time to obtain a single occupancy license, accommodating up to twenty individuals or couples. Each floor features a communal kitchen, and five units boast private baths. With a touch of creative TLC, this historic home can be upgraded to exude 20th-century charm.
As an added bonus, the seller has devised plans proposing an extension featuring over 40 studio units at the rear of the mansion. Furthermore, the seller is open to entertaining private financing options, making this investment opportunity even more enticing! Don't miss out on this unique chance to own a piece of history with potential for lucrative returns.
Originally erected in the early 19th century as a splendid mansion crafted from fine stone, this property has evolved over time to obtain a single occupancy license, accommodating up to twenty individuals or couples. Each floor features a communal kitchen, and five units boast private baths. With a touch of creative TLC, this historic home can be upgraded to exude 20th-century charm.
As an added bonus, the seller has devised plans proposing an extension featuring over 40 studio units at the rear of the mansion. Furthermore, the seller is open to entertaining private financing options, making this investment opportunity even more enticing! Don't miss out on this unique chance to own a piece of history with potential for lucrative returns.
Property Facts
| Price | $2,270,520 CAD | Property Subtype | Apartment |
| Price Per Unit | $567,630 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 8,956 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Price | $2,270,520 CAD |
| Price Per Unit | $567,630 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.22 AC |
| Building Size | 8,956 SF |
| No. Stories | 3 |
| Year Built | 1910 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 of 1
Walk Score ®
Very Walkable (79)
Transit Score ®
Excellent Transit (71)
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
161-167 7th
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.