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For sale
  • $140,000

    1761 Spring Garden Rd, Millville, NJ 08332

    3beds
    1,040sqft
    : 
    Mobile Home
    Built in 1965
    0.28 Acres Lot
    $-- Zestimate®
    $135/sqft
    $-- HOA

    What's special

    Off-street parking spacesNew heaterBeautifully landscaped lotMature trees
    **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 recently 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 recently renovated. 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.
    425 days
    |
    124
    |
    6
    |

    Zillow last checked: 8 hours ago

    Listing updated: October 23, 2025 at 10:00am

    Listed by:

    Jennifer Rothenberger 856-322-2964,

    Compass New Jersey, LLC - Moorestown

    Source: Bright MLS,MLS#: NJCB2021308MLS Logo

    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: Cash
    • Exclusions: Tenant Belongings
    • Ownership: Fee Simple
    • Total actual rent: 18000
    • Body type: Double Wide
    Jennifer Rothenberger

    (856) 322-2964

    By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $2,060/mo

    Price history

    Price history
    DateEventPrice
    11/9/2024Listed for sale$140,000-71.5%$135/sqft
    Source: Bright MLS #NJCB2021308 Report a problem
    10/6/2024Listing removed$1,400$1/sqft
    Source: Zillow Rentals Report a problem
    9/13/2024Listed for rent$1,400$1/sqft
    Source: Zillow Rentals Report a problem
    4/20/2011Sold$491,000$472/sqft
    Source: Agent Provided Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$943 $36,100
    2024$943 -11.8%$36,100
    2023$1,068 +1.2%$36,100

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $974/mo
    Principal & interest
    $699
    Property taxes
    $226
    Home insurance
    $49

      Climate risks

      Neighborhood: Laurel Lake

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • District: Millville Area

      Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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