**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 **1761 Spring Garden**, offering a prime example of steady rental income. This charming home has been newly leased, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 3 spacious bedrooms, and a full bath, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. This unit has a new heater and has been newly renovated. 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.
For sale
$140,000
1761 Spring Garden Rd, Millville, NJ 08332
3beds
1,040sqft
Est.:
Mobile Home
Built in 1965
0.28 Acres Lot
$-- Zestimate®
$135/sqft
$-- HOA
What's special
Two off-street parking spacesNew heaterBeautifully landscaped lotMature trees
- 168 days
- on Zillow |
- 155 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: January 08, 2025 at 07:20pm
Listed by:
Jennifer Rothenberger 856-322-2964,
Compass New Jersey, LLC - Moorestown
Source: Bright MLS,MLS#: NJCB2021308

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Basement
- Area: 0
Heating
- Forced Air, Electric
Cooling
- None
Appliances
- Included: Electric Water Heater
- Laundry: Main Level, Hookup
Features
- Flooring: Luxury Vinyl
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,040
- Total interior livable area: 1,040 sqft
- Finished area above ground: 1,040
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Driveway
- Uncovered spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 0.28 Acres
- Dimensions: 120.00 x 100.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 020015100120
- Zoning: VR1
- Special conditions: Standard
Construction
Type & style
- Home type: MobileManufactured
- Property subtype: Mobile Home
Materials
- Frame
- Roof: Flat
Condition
- New construction: No
- Year built: 1965
- Major remodel year: 2024
Utilities & green energy
- Sewer: On Site Septic
- Water: Well
Community & HOA
Community
- Subdivision: Laurel Lakes
HOA
- Has HOA: No
Location
- Region: Millville
- Municipality: COMMERCIAL TWP
Financial & listing details
- Price per square foot: $135/sqft
- Tax assessed value: $36,100
- Annual tax amount: $1,080
- Date on market: 11/9/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Exclusions: Tenant Belongings
- Ownership: Fee Simple
- Body type: Double Wide
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