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