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For sale
  • $75,000

    250 Jute Rd, Millville, NJ 08332

    2beds
    460sqft
    : 
    Mobile Home
    Built in 1970
    4,000 Square Feet Lot
    $68,600 Zestimate®
    $163/sqft
    $-- HOA

    What's special

    Off-street parking spacesBeautifully landscaped lotMature treesSpacious bedrooms
    **Investor Opportunity: Income-Generating Portfolio of 20 Rental Properties in Laurel Lakes** 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 **250 Jute Rd**, offering a prime example of steady rental income. This charming home has been leased by the same tenant for several years, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 2 spacious bedrooms, and a full bath, all nestled on a beautifully landscaped lot with mature trees and two off-street parking spaces. Cash only. 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.
    446 days
    |
    97
    |
    7
    |

    Zillow last checked: 8 hours ago

    Listing updated: October 23, 2025 at 09:55am

    Listed by:

    Jennifer Rothenberger 856-322-2964,

    Compass New Jersey, LLC - Moorestown

    Source: Bright MLS,MLS#: NJCB2021228MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Basement
    • Area: 0
    Heating
    • Forced Air, Electric
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 460
    • Total interior livable area: 460 sqft
    • Finished area above ground: 460
    • 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: 4,000 Square Feet
    • Dimensions: 40.00 x 100.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 020004806130
    • Zoning: VR2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MobileManufactured
    • Property subtype: Mobile Home
    Materials
    • Frame
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1970

    Utilities & green energy

    • Sewer: Private Septic Tank
    • 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: $163/sqft
    • Tax assessed value: $20,000
    • Annual tax amount: $598
    • Date on market: 11/9/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash
    • Exclusions: Tenant Belongings
    • Ownership: Fee Simple
    • Body type: Single 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

    $68,600

    $63,000 - $73,000

    $1,279/mo

    Price history

    Price history
    DateEventPrice
    11/9/2024Listed for sale$75,000+400%$163/sqft
    Source: Bright MLS #NJCB2021228 Report a problem
    8/3/1994Sold$15,000$33/sqft
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$522 $20,000
    2024$522 -11.8%$20,000
    2023$592 +1.2%$20,000

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $438/mo
    Principal & interest
    $291
    Property taxes
    $121
    Home insurance
    $26

      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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