97 Oregon AveEwing Township, NJ 08638

For Sale
$525,000

8-Bed, 2-Unit Portfolio, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional value-add investment opportunity presents a two-unit multifamily property located at 97 Oregon Ave, Ewing Township, NJ 08638. The property, classified as Class A, boasts a compelling 15% cap rate and is currently vacant, presenting immediate potential for rental income. Each of the two units offers four bedrooms and two bathrooms, totaling eight bedrooms across the property. The building itself is a two-story structure, and has recently undergone significant renovations. These improvements include a brand-new roof and siding, along with completely updated plumbing and electrical systems. Situated in the desirable Braeburn Heights neighborhood, this property benefits from convenient access to shopping, major highways, and proximity to both The College of New Jersey and Rider University, making it an ideal investment for targeting student renters or the broader rental market. The asking price is $525,000, representing a price per unit of $262,500. This property is offered for sale by owner. This is a rare opportunity to acquire a well-located, renovated multifamily property with significant upside potential. The property's strong fundamentals and strategic location make it a compelling investment for both seasoned and new investors. A video tour is available online.

Highlights

  • Exceptional investment opportunity with strong rental income potential.
  • Prime location in a thriving urban market with high foot traffic.
  • Modern, well-maintained building featuring updated amenities.
  • Flexible lease terms available to suit your business needs.
  • Significant upside potential for future value appreciation.

Property Details for 97 Oregon Ave

Property type
Multifamily properties, Residential income homes
Class
A
Buildings
1
Stories
2
Units
2

Location Insight

City
Ewing Township
County
Mercer
State
New Jersey
Latitude
40.260064879564
Longitude
-74.776245068325
97 Oregon Ave, Ewing Township, New Jersey

FAQs

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97 Oregon Ave
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