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Investment Highlights
- Tenants pay heat and electric
- 10-minute walk to the mid-town direct Mountain train station
- Close proximity to South Orange
- Access to bus service along Scotland Road
Executive Summary
The property consists of 5 residential units and 1 retail unit.
Property Facts
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 5 | Building Size | 5,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | 4A - Commercial | ||
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,000 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | 4A - Commercial |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 17-06302-0000-00004 | Improvements Assessment | $319,000 |
| Land Assessment | $200,000 | Total Assessment | $519,000 |
Property Taxes
Parcel Number
17-06302-0000-00004
Land Assessment
$200,000
Improvements Assessment
$319,000
Total Assessment
$519,000
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624 Scotland Rd
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