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    161 N 7Th St

    Newark City, NJ 07107
    • $975,000
    • STATUS: Active
    • ON SITE: 109 days
    • MLS #: 3670750
    UPDATED: 71 min ago
    $975,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1910
    County:
    Essex
    Area:
    Newark City

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    Description

    This property is a 14 room- rooming house, 3 private bathrooms, and 3 shared bathrooms. Total of 6 bathrooms. Value add to new operator/owner This property is a 14 room- rooming house, 3 private bathrooms, and 3 shared bathrooms. Total of 6 bathrooms. Value add to new operator/owner. Property is licensed, stabilized, and managed. Value add would be to self manage, increase rents, or change the structure of tenants. Estimated income of $100K, while the estimated expenses are around $40K

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    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Group NJ at RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Premier Group NJ at RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-01-27T18:47:17.17.
    www.premiergroupnj.com/homes/110882384
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    161 N 7Th St Newark City, NJ 07107

    • Price: $975,000
    • Status: Active
    • Updated: 71 min ago
    • MLS #: 3670750
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1910
    Built
    County:
    Essex
    Area:
    Newark City
    Property Description
    This property is a 14 room- rooming house, 3 private bathrooms, and 3 shared bathrooms. Total of 6 bathrooms. Value add to new operator/owner This property is a 14 room- rooming house, 3 private bathrooms, and 3 shared bathrooms. Total of 6 bathrooms. Value add to new operator/owner. Property is licensed, stabilized, and managed. Value add would be to self manage, increase rents, or change the structure of tenants. Estimated income of $100K, while the estimated expenses are around $40K
    Exterior Features

    Approximate Lot Size 93.7X100 Construction Brick/Block Exterior Description AluminumBrick Location FreestandingResidential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description 1 Car WidthBlacktop Roof Description Rubberized

    Interior Features

    Basement Yes Basement Description FinishedFullWalkout Cooling Window A/C(S) Equipment Available Fire Alarm Heating 1 UnitRadiators - Hot Water Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 6 Office Sq Ft 0

    Property Features

    For Sale Or Lease For Sale Fuel Type Gas-Natural Permitted Use Rooming House Primary Property Type Apartment Complex Property Type Apartment ComplexHotel/Motel Sale Includes Building & Business Sewer Public Available Suite Number 1 Tax Amount 9880 Tax Rate Amount 3.761 Tax Rate Year 2019 Tax Year 2019 Utilities All Underground Water Public Water Year Built Description Approximate Zoning 4A-Commercial

    Listing information © 2021 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Exit Realty Urban Living.


    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Group NJ at RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Premier Group NJ at RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-01-27T18:47:17.17.
     
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    Premier Group NJ at RE/MAX Central
    520 Highway 9 North
    Manalapan NJ, 07726