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Listed price in listed location currency (USD).
$125,000

220

MLS® NJCB2021310

  • Key Facts
  • Description
  • Map

Key Facts

Type Manufactured Home
Levels Residential
Size 924 sqft
Garage No
Taxes $1,074
Days Active 354
Lot Size 
Approx. Age 1980
Avg. Price Per Sqft $135
MLS® Number NJCB2021310

Property Address: 7601 Magnolia Dr, MILLVILLE, NJ, 08332-5630

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 **7601 Magnolia Dr**, offering a prime example of steady rental income. This charming home has recently been rented with the lease starting 9/1/2025 for one year. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, and two full baths, 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.
MLS® NumberNJCB2021310
Laundry LevelHas Laundry, Main Floor, Hookup
Central VacNo
FireplaceNo
Acreage0.32
Exterior
GarageNo
Approx. Age1980
Basement
DrivewayDriveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

oven and fridge-as- is

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 9, 2024List Date
$125,000List Price

Home Appraisal

This property is estimated to sell between: $125,000 and $245,000.
Similar properties in this area sold on average for: $204,907
Expected to sell very soon! Similar properties sold in 130 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
7601 Magnolia Dr, MILLVILLE, NJ

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