97 Oregon Ave Ewing Township, NJ 08638

Property Details for 97 Oregon Ave

Property type

Duplexes

Description

Offering Memorandum: 97 Oregon Ave, Ewing, NJ 1. Opportunity Overview This Offering Memorandum (the "Memorandum") presents two distinct opportunities related to the property at 97 Oregon Ave, Ewing, NJ (the "Property"): Option 1: Outright Purchase (As-Is) : Acquire the Property in its current partially renovated state for $475,000. This allows you to complete the renovations independently. Option 2: Joint Venture (JV) : Partner with the current developer to complete the renovation and share in the profits. This option requires an $80,000 investment. The Property is a two-family home in the desirable Braeburn Heights neighborhood. This Memorandum provides a summary of the Property, the investment options, and key terms. This is not a formal offer to sell or solicit an offer to buy. A definitive agreement will govern any transaction. 2. Property Details Address: 97 Oregon Ave, Ewing, NJ Description: Two-family home, each unit with 4 bedrooms and 2 bathrooms. Current Status: Partially renovated. Completed work includes a new roof, new siding, and updated plumbing and electrical systems. A detailed list of completed and remaining work is available upon request. Location Advantages: Located in the sought-after Braeburn Heights neighborhood, near shopping, highways, public transportation, The College of New Jersey, and Rider University. 3. Option 1: Outright Purchase (As-Is) Price: $475,000 Benefit: Complete the renovation to your specifications. Next Step: Schedule a property tour and due diligence review. 4. Option 2: Joint Venture (JV) Goal: Complete the renovation and either sell for profit or hold as a rental property. Total Project Cost (Estimated): $445,000 (Includes $365,000 acquisition + $80,000 remaining renovations) Projected Completed Value: $625,000 (Based on comparable sales; supporting data available upon request) Investor Contribution: $80,000 Developer Contribution (Already Invested): $365,000 (Acquisition and initial renovations) Profit Sharing: Initial investments returned: $365,000 to Developer, $80,000 to Investor. Remaining net profit split: 70% to Developer, 30% to Investor. Projected Net Profit (Conservative Estimate): $180,000 (Based on updated project cost and sale price) Investor's Share (30%): $54,000 Developer's Share (70%): $126,000 Project Timeline: Approximately 5 months for renovations. Exit Strategy: Sale upon completion or hold as a rental. Rental income projections available upon request. Use of Funds: Exclusively for completing the renovations (detailed budget available). 5. JV Renovation Scope (Summary) Insulation, drywall, painting Heating system installation (specify type) in Unit B Kitchen cabinet installation (both units) Bathroom fixture installation (tubs, showers, vanities, toilets) Flooring, trim, doors, hardware Radon mitigation Porch and basement window installation Water heater installation Electrical and plumbing finalization Other necessary items A detailed scope of work and budget are available upon request. 6. JV Investment Highlights Potential ROI: [Calculate ROI based on $54,000 profit and $80,000 investment] Real Estate Security: Investment secured by a tangible asset. Strong Rental Potential: Near universities and amenities. 7. Risk Factors (Both Options) Construction: Cost overruns, delays, unforeseen issues. Market: Real estate market fluctuations impacting sale price. Rental (JV Hold Option): Vacancy, rental income fluctuations. Partnership (JV): Potential disagreements. 8. Due Diligence (Both Options) Review financial projections and budgets. Inspect the Property. Consult legal and financial advisors. 9. Disclaimer This Memorandum is for informational purposes only and is not an offer to sell or solicit an offer to buy. Information is subject to change. No warranty is made regarding accuracy. Consult legal and financial advisors before investing. This is confidential and should not be distributed without written consent. 10. Next Steps Contact David 917-873-8411

Location Insight

City

Ewing Township

County

Mercer

State

New Jersey

Longitude

-74.764

Latitude

40.2732