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Listed price in listed location currency (USD).
$110,000

220

MLS® NJCB2021278

  • Key Facts
  • Description
  • Map

Key Facts

Type Mobile Home
Levels Residential
Size 672 sqft
Garage No
Taxes $664
Days Active 354
Lot Size 
Approx. Age 1970
Avg. Price Per Sqft $163
MLS® Number NJCB2021278

Property Address: 542 Gooseberry Rd, MILLVILLE, NJ, 08332-5816

Average square foot calculated using Size range provided by listing agent.

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 **542 Goosebery**, offering a prime example of steady rental income. This charming home has been newly 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 and a half 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.
MLS® NumberNJCB2021278
Laundry LevelMain Floor
Central VacNo
FireplaceNo
Acreage0.15
Exterior
GarageNo
Approx. Age1970
Basement
DrivewayDriveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 9, 2024List Date
$110,000List Price

Home Appraisal

This property is estimated to sell between: $110,000 and $258,000.
Similar properties in this area sold on average for: $208,077
Expected to sell very soon! Similar properties sold in 122 days. This home has been on eXp Commercial Brokerage for 354 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
542 Gooseberry Rd, MILLVILLE, NJ

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