$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
**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

Bettina Grein

This content last updated on November 25, 2024 11:06AM.