$115,000
- Beds
- 3
- Baths
- 1.0
- sq ft
- 924
7754 Raymond Dr, Millville, NJ 08332
7754 Raymond Dr
MILLVILLE, NJ 08332
- 5 days on market
**Investor Opportunity: Income-Generating Portfolio of 20 Rental Properties for $2,000,000**
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 **7754 Raymond Dr**, 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**, 3 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
Unknown
Price per sq ft
$125
Year built
1970
Annual property taxes
$1,277
HOA
No
Price History
11/09/2024
Bright #NJCB2021306
Listed
$115,000
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 #NJCB2021306
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