$115,000
Beds: 2
Baths: 1 full, 1 half
Sqft: 938
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: 1970
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 **7637 Joseph St**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for two years, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, a half bath off the primary and a full bath in the hallway, 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

  • 2 total bathrooms
  • 2 bathrooms on main level
  • 1 full bathroom
  • 1 full bathroom on main level
  • 1 half bathroom
  • 1 half bathroom on main level

Bedrooms

  • 2 bedrooms
  • 2 bedrooms on main level

Building

  • 938 sqft living area
  • 938 sqft above grade (finished)
  • Built in 1970
  • Structure Type: Mobile Pre 1976
  • 1 levels
  • Modular/Pre-Fabricated
  • Frame
  • Single Wide

Cooling

  • None
  • None

Fees

  • Ground Rent Pymnt Freq: Annually

Floors

  • Carpet
  • Luxury Vinyl Plank

Heating

  • Electric
  • Natural Gas
  • Forced Air

Laundry

  • Hookup
  • Main Floor

Listing

  • 17 days on market
  • $123 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

  • Lot Size Dimensions: 126.00 x 0.00

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: $1,115
  • Tax Year: 2023

Utilities

  • Hot Water: Electric

Property Map

Map View


$115,000 - 7637 Joseph Street, Millville, NJ 08332

Street View


Directions


7637 Joseph Street
Millville, NJ 08332
Municipality: COMMERCIAL TWP

Nearby Schools

Local Sales

Bettina Grein

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