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624 Scotland Rd 5 Unit Apartment Building $1,373,585 CAD ($274,717 CAD/Unit) Orange, NJ 07050
Investment Highlights
- Tenants pay heat & 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
| Price | $1,373,585 CAD | Building Class | C |
| Price Per Unit | $274,717 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | 4A - Commercial | ||
| Price | $1,373,585 CAD |
| Price Per Unit | $274,717 CAD |
| 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 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
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 | $438,612 CAD |
| Land Assessment | $274,992 CAD | Total Assessment | $713,604 CAD |
Property Taxes
Parcel Number
17-06302-0000-00004
Land Assessment
$274,992 CAD
Improvements Assessment
$438,612 CAD
Total Assessment
$713,604 CAD
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624 Scotland Rd
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