**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.
For sale
$120,000
432 Delphinium Rd, Millville, NJ 08332
3beds
746sqft
Est.:
Mobile Home
Built in 1970
8,002 Square Feet Lot
$-- Zestimate®
$161/sqft
$-- HOA
What's special
Off-street parking spacesMature treesFenced yard
- 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#: NJCB2021246

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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