Unique investment opportunity with tremendous potential! The property is currently laid out similarly to a six-family configuration and was previously utilized as a rooming house. Five of the units are arranged as studio-style apartments, each featuring its own private kitchen and bathroom. The sixth unit is an exceptionally spacious 3-bedroom, 2-bathroom residence with access to a full finished basement. An excellent opportunity for an investor, developer, or owner-occupant looking to unlock the property's full potential. Buyer is responsible for conducting their own due diligence regarding current and permitted use, zoning, occupancy, and any required approvals.
General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury
