$105,000
Beds:
2
Bath:
1
Sqft:
672
Sqft lot:
6,098
Acre lot:
0.14
16 Days On Market -
Courtesy of Jen Rothenberger, Compass New Jersey, LLC - Moorestown camilo.concepcion@compass.com
Status:
Active
Property Type:
Mobile Home
Year Built:
1968
Neighborhood:
Laurel Lakes
Days On Website:
16
Description
**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 **6415 Magnolia**, offering a prime example of steady rental income. This charming home has been recently leased by a well qualified tenant, 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,a0;NJCB2021278, NJCB2021280, NJCB2021286, NJCB2021284, NJCB2021288, NJCB2021290, NJCB2021294, NJCB2021296, NJCB2021298, NJCB2021300, NJCB2021302, NJCB2021304, NJCB2021306, NJCB2021308, and NJCB2021310.
Features
Bathrooms
- 1 full bathroom
- 1 full bathroom on main level
Bedrooms
- 2 bedrooms
- 2 bedrooms on main level
Building
- 672 sqft living area
- 672 sqft above grade (finished)
- Built in 1968
- Major renovation in 2024
- Structure Type: Mobile Pre 1976
- 1 levels
- Modular/Pre-Fabricated
- Frame
- Single Wide
Cooling
- None
- None
Accessibility Features
- Ramp - Main Level
Floors
- Luxury Vinyl Plank
Heating
- Electric
- Natural Gas
- Forced Air
Laundry
- Main Floor
Listing
- 17 days on market
- $156 per sqft
- Property SubType: Mobile Home
- Concession In Price: Y
Location
- Municipality: COMMERCIAL TWP
- County: Cumberland
- MLS Area: Commercial Twp (20602)
- Subdivision: Laurel Lakes
Lot
- 5,998 sqft
- Lot Size Dimensions: 60.00 x 100.00
- 0.14 acres
Property
- Other Structures: Above Grade,Below Grade
Roof
- Flat
Schools
- School District: MILLVILLE AREA
Sewer
- On Site Septic
Taxes
- City/Town Tax Pymnt Freq: Annually
- County Tax Pymnt Freq: Annually
- Tax Annual Amount: $629
- Tax Year: 2023
Utilities
- Hot Water: Electric
Property Map
Map View
$105,000 - 6415 Magnolia Drive, Millville, NJ 08332
Street View
Directions
6415 Magnolia Drive
Millville, NJ 08332
Municipality: COMMERCIAL TWP
Nearby Schools
Local Sales
This content last updated on November 25, 2024 11:06AM.