**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. 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
$75,000
250 Jute Rd, Millville, NJ 08332
2beds
460sqft
Est.:
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
- 168 days
- on Zillow |
- 195 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: January 08, 2025 at 07:19pm
Listed by:
Jennifer Rothenberger 856-322-2964,
Compass New Jersey, LLC - Moorestown
Source: Bright MLS,MLS#: NJCB2021228

Travel times
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,Conventional
- Exclusions: Tenant Belongings
- Ownership: Fee Simple
- Body type: Single Wide
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