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For sale
  • $120,000

    432 Delphinium Rd, Millville, NJ 08332

    3beds
    746sqft
    : 
    Mobile Home
    Built in 1970
    8,002 Square Feet Lot
    $-- Zestimate®
    $161/sqft
    $-- HOA

    What's special

    Off-street parking spacesMature treesFenced yard
    **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 **432 Delphinium**, offering a prime example of steady rental income. This charming 3 bedroom home home has been leased by the same tenant for more than 1 year, ensuring minimal vacancy risk and dependable revenue. The home itself boasts an **open-concept living area**, 3 bedrooms, and a full bath, all nestled on a beautifully landscaped lot with mature trees, fenced yard 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.
    168 days
    on Zillow
    |
    127
    |
    4
    |

    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#: NJCB2021246MLS Logo
    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, Natural Gas
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    • Laundry: Main Level
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 746
    • Total interior livable area: 746 sqft
    • Finished area above ground: 746
    • 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
    • Fencing: Chain Link
    Lot
    • Size: 8,002 Square Feet
    • Dimensions: 80.00 x 100.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 020014210635
    • 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: $161/sqft
    • Tax assessed value: $24,600
    • Annual tax amount: $736
    • Date on market: 11/9/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Conventional,Cash
    • Exclusions: Tenant Belongings
    • Ownership: Fee Simple
    • Body type: Single Wide
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