Courtesy: Rachel Aviv - Silvera Realty Co.
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!
22401627
Multi-Family, 3+ Story
14
Essex
8 Full
1910
0.21
Acres
4
Public Sewer
9,370
Sq. Ft.
None
Bathrooms
8
Total:8
Interior Features
- Flooring
- Other
- Cooling
- Other
- Basement
- Finished
- Doors/Windows
- Storm Door(s)
Exterior / Lot Features
- Parking
- 10 Parking Spaces. Other.
- Patio
- Patio
- Lot Dimensions
- 93.58X100
- Zoning
- Planned Residential
Financial Considerations
0
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