$125,000
- Beds
- 2
- Baths
- 2.0
- sq ft
- 924
7601 Magnolia Dr Unit 04384, Millville, NJ 08332
7601 Magnolia Dr Unit 04384
MILLVILLE, NJ 08332
- 5 days on market
**Investor Opportunity: Income-Generating Portfolio of 20 Rental Properties for $2,000,000**
Professional photos coming soon!
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 **7601 Magnolia Dr**, offering a prime example of steady rental income. This charming home has been purposely left vacant to offer buyers the opportunity to tour a sample unit. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, and two full baths, 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.
Details
Property type
Manufactured Home
Type
Single Wide
Lot size
0.32 acres
Price per sq ft
$136
Year built
1980
Annual property taxes
$1,061
HOA
No
Price History
11/09/2024
Bright #NJCB2021310
Listed
$125,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
School district:
MILLVILLE AREA
Status: Active
Tomo last checked: 11/14/2024 at 4:50 PM
Listing updated: 11/09/2024 at 12:39 AM
Listed by: Jennifer J Rothenberger, Compass New Jersey, LLC - Moorestown Phone #: (856) 214-2639
MLS: Bright #NJCB2021310
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