$90,000
- Beds
- 2
- Baths
- 1.0
- sq ft
- 612
504 Dandelion Rd Unit 09005, Millville, NJ 08332
504 Dandelion Rd Unit 09005
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 **504 Dandelion**, 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**, bonus living area, 2 spacious bedrooms, and a full bath, all nestled on a generous lot with mature trees and four 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
Manufactured Home
Type
Single Wide
Lot size
8,002 sq ft
Price per sq ft
$148
Year built
1980
Annual property taxes
$792
HOA
No
Price History
11/09/2024
Bright #NJCB2021260
Listed
$90,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
School district:
COMMERCIAL TOWNSHIP PUBLIC SCHOOLS
Status: Active
Tomo last checked: 11/14/2024 at 4:45 PM
Listing updated: 11/09/2024 at 12:54 AM
Listed by: Jennifer J Rothenberger, Compass New Jersey, LLC - Moorestown Phone #: (856) 214-2639
MLS: Bright #NJCB2021260
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