7601 MAGNOLIA DR Active Save Request In-Person Tour Request Virtual Tour
Millville,NJ 08332
Key Details
Property Type Manufactured Home
Sub Type Manufactured
Listing Status Active
Purchase Type For Sale
Square Footage 924 sqft
Price per Sqft $135
Subdivision Laurel Lakes
MLS Listing ID NJCB2021310
Style Modular/Pre-Fabricated
Bedrooms 2
Full Baths 2
Year Built 1980
Annual Tax Amount $1,061
Tax Year 2023
Lot Size 0.321 Acres
Property 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 been purposely left vacant to offer buyers the opportunity to tour a sample unit. 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.
Location
State NJ
County Cumberland
Area Commercial Twp (20602)
Zoning VR2
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Flooring Luxury Vinyl Plank
Fireplaces Number 1
Fireplaces Type Brick,Non-Functioning
Laundry Has Laundry,Main Floor,Hookup
Exterior
Exterior Feature Deck(s)
Garage Spaces 3.0
Fence Chain Link,Partially
Water Access N
Roof Type Flat
Building
Story 1
Sewer On Site Septic
Water Well
New Construction N
Schools
School District Millville Area
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard