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$75,000

Beds
2
Baths
1.0
sq ft
460

250 Jute Rd, Millville, NJ 08332

250 Jute Rd

MILLVILLE, NJ 08332

  • 5 days on market
**Investor Opportunity: Income-Generating Portfolio of 20 Rental Properties in Laurel Lakes** Presenting an exceptional investment opportunity in the highly sought-after Laurel Lakes community! This portfolio includes 20 well-maintained, tenant-occupied properties, all strategically located within the same thriving neighborhood. With a consistent and reliable tenant base, these homes provide immediate cash flow and long-term stability. One property within this portfolio is **250 Jute Rd**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for several years, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, and a full bath, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. Key Investment Highlights: - **Portfolio Price**: $2,000,000 for 20 properties - **Annual Gross Income**: $240,000 - **12% CAP Rate**: Strong return potential in a stable, in-demand location - **Tenant Stability**: Long-term, reliable tenants in place across all properties - **Maintenance & Management**: Well-maintained homes with minimal upkeep required This portfolio presents a rare opportunity to secure a high-performing asset in a community with ongoing rental demand and future growth potential. With a strong CAP rate and consistent cash flow, this investment is ideal for serious investors seeking to expand their holdings in a thriving market. Don’t miss out on this lucrative opportunity in Laurel Lakes! Portfolio includes MLS# NJCB2021228, NJCB2021246, NJCB2021260, NJCB2021276, NJCB2021262, NJCB2021278, NJCB2021280, NJCB2021286, NJCB2021284, NJCB2021288, NJCB2021290, NJCB2021294, NJCB2021296, NJCB2021298, NJCB2021300, NJCB2021302, NJCB2021304, NJCB2021306, NJCB2021308, and NJCB2021310.

Details

Property type

Mobile Home

Type

Single Wide

Lot size

4,000 sq ft

Price per sq ft

$164

Year built

1970

Annual property taxes

$591

HOA

No

Price History

11/09/2024
Bright

Bright #NJCB2021228

Listed
$75,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

MILLVILLE AREA

Status: Active

Tomo last checked: 11/14/2024 at 4:55 PM

Listing updated: 11/09/2024 at 12:34 AM

Listed by: Jennifer J Rothenberger, Compass New Jersey, LLC - Moorestown Phone #: (856) 214-2639

MLS: Bright #NJCB2021228

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