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13-27 Scotland Rd
South Orange, NJ 07079
Retail and Multifamily Mixed-Use | Value Add · Multifamily Property For Sale
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15 Units
Investment Highlights
- Opportunity to purchase a mixed-use investment comprising 15 multifamily units and five retail spaces.
- In-place average residential rent is $1,048 per month with 70% upside to $1,500 per month.
- Numerous recently completed development projects nearby, including a 110-unit apartment building directly adjacent to 13-27 Scotland Road.
- One block to South Orange Train Station with one-seat access to New York Penn Station in under 30 minutes.
- Seton Hall University, located 0.6 miles away, attracts people from the entire region and benefits the retail tenancy on the ground floor.
Property Facts
| Sale Condition | Auction Sale | Building Class | C |
| Type of Ownership | Fee Simple | Lot Size | 0.18 AC |
| No. Units | 15 | Building Size | 15,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1940 |
| Apartment Style | Low-Rise | Parcel Number | 19-01006-0000-00004 |
| Zoning | B-A1 | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 15,000 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Zoning | B-A1 |
| Parcel Number | 19-01006-0000-00004 |
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