This Block Offer started on May 15, 2018 and will close on Jun 30, 2018 12:00 am.
This property is located in a neighborhood in close proximity to shops, shopping centers, grocery stores, restaurants, and has a school rating of #9 out of 10! It has a 1 car garage with a driveway that can fit 2 additional cars. There is a finished basement, huge backyard space large enough to fit a pool, a patio, and fire pit that will be restored!
NJ Development Coalition uses real estate as a vehicle and a resource to help bring a solution to the issues surrounding the lack of housing and community development. Housing is needed for numerous reasons and we want to be agents of change by using our investment properties to help provide housing for individuals and families in transition, 1st-time homebuyers, and affording opportunities to individuals and families from low/moderate income households who want to purchase homes they can afford.
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|Corporate entity information||NJ Development Coalition LLC|
|Type of registration||LLC|
|Date of formation||January 2013|
|State of formation||New Jersey|
|Control Persons||Jacquetta Thomas & Nisaa Smith|
|Subsidiary and affiliate information||LLC|
|IRS EIN #||46-1807101|
|Stated business of the Issuer||NJ Development Coalition, LLC|
|Anticipated business plan||Purchase, Renovate, and sell|
|Stated purpose of this offering||Acquisition, closing, and renovation costs|
|Intended use of the proceeds of the Issuers offering||Reinvest in real estate|
|Target offering amount||303500|
|Deadline to reach the offering amount||6/30/2018|
|Price of the securities to be sold||100|
|A description of the ownership and capital structure of the issuer||100% ownership|
|Property Address||370 Jackson Ave|
|Building/Development Type||Bi-Level, 4 BR, 1.5 BA|
|Current Ownership Information||REO|
|Estimated Annual Property Income||432554|
|Estimated Annual Property Expenses||8825|
|Private Offering Memorandum|
|Shareholders||Buy the Block Investors|
|SEC Form C|
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