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For sale
  • $85,000

    5205 Doris Dr, Millville, NJ 08332

    3beds
    552sqft
    : 
    Mobile Home
    Built in 1970
    -- sqft lot
    $-- Zestimate®
    $154/sqft
    $-- HOA

    What's special

    Off-street parking spacesMature 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 **5205 Doris Dr**, 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**, 3 bedrooms, and a full bath, all nestled on a beautifully landscaped lot with mature trees and two to three 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
    |
    138
    |
    7
    |

    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#: NJCB2021262MLS 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
    Cooling
    • None
    Appliances
    • Included: Electric Water Heater
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 552
    • Total interior livable area: 552 sqft
    • Finished area above ground: 552
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 3
    • Parking features: Driveway
    • Uncovered spaces: 3
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    Lot
    • Dimensions: 121.00 x 0.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 020014910319
    • 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: $154/sqft
    • Tax assessed value: $27,500
    • Annual tax amount: $823
    • Date on market: 11/9/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Body type: Single Wide
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