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Listed price in listed location currency (USD).
$115,000

220

MLS® NJCB2021290

  • Key Facts
  • Description
  • Map

Key Facts

Type Mobile Home
Levels Residential
Size 932 sqft
Garage No
Taxes $670
Days Active 354
Lot Size 
Approx. Age 1970
Avg. Price Per Sqft $123
MLS® Number NJCB2021290

Property Address: 7150 Samuel Dr, MILLVILLE, NJ, 08332-5929

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 **7150 Samuel Dr**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for the last year, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, with a primary bedroom featuring an attached bath and walk in closet, the second bedroom is on the other end of the home close to the second full bath, all nestled on a beautifully landscaped lot with mature trees and two to three off-street parking spaces. Fully renovated in 2023 with new flooring, some windows, kitchen and baths. Key Investment Highlights: - **Portfolio Price**: $2, 000, 000 for 20 properties - **Annual Gross Income**: $286, 700 - **14% CAP Rate**: Strong return potential in a stable, in-demand location - **Tenant Stability**: Long-term, reliable tenants in place across most properties - **Maintenance & Management**: Well-maintained homes with minimal future 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® NumberNJCB2021290
Laundry Level
Central VacNo
FireplaceNo
Acreage0
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
$115,000List Price

Home Appraisal

This property is estimated to sell between: $115,000 and $225,000.
Similar properties in this area sold on average for: $188,252
Expected to sell very soon! Similar properties sold in 111 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
7150 Samuel Dr, MILLVILLE, NJ

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